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Article: MULBERRY COULD JOIN PVH STABLE.(Phillips-Van Heusen Corp.)
- Article from:
- Daily News Record
- Article date:
- April 7, 2008
- Author:
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gillian Koenig
NEW YORK - Mulberry Neckwear, the second-largest tie company in the country, is reportedly on the block, and the most likely buyer is believed to be Phillips-Van Heusen Corp.
Sources said the two companies are talking and that a deal was nearly completed last week but then hit a snag.
Founded by CEO and creative director Henry Jacobson in 1988, Mulberry has an estimated volume of $60 million and an attractive brand portfolio of designer neckwear licenses including Kenneth Cole, BCBG and Sean John. Although a spokesperson for PVH dismissed the potential deal saying "it was nothing more than a rumor," the acquisition would ...