How much cash did PVH pay for Calvin Klein Inc.?
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The agreement of 17 December 2002 set the cash component at $400 million, with stock and a royalty on top.
What else did PVH hand over as part of the purchase price at closing?
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Thirty million dollars of PVH stock, valued over the ten trading days before closing, made the headline price $430 million.
Which store placed the first large order, after a buyer stepped off the lift on the wrong floor?
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The accidental visit from a Bonwit Teller buyer put the new label into one of New York’s best stores in its first season.
Roughly how large was that first order?
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An order of roughly $50,000 was transformative for a business founded on $10,000 of capital.
Which award did Klein win three years running from 1973?
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He was the first designer to take the Coty award three consecutive times, in 1973, 1974 and 1975.
How much did Barry Schwartz put into the business in 1968?
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Ten thousand dollars from Schwartz was the only outside money the partnership ever took.
Which group bought the men’s underwear business and its worldwide trademarks in March 1994?
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Warnaco acquired the underwear business and trademarks outright, and later became the company Klein sued over distribution.
What did that 1994 sale fetch?
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The price was $62.5 million, of which $24 million was paid in Warnaco stock rather than cash.
Which entertainment executive bought the company’s bonds when it ran into trouble in 1992?
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Geffen’s purchase of the outstanding bonds kept the business alive through the worst of its debt problem.
How did Klein settle that debt the following year?
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A $58 million loan from Citibank in 1993 allowed him to buy the bonds back and keep the company wholly owned.
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