Arts Publications
Topic: RSS FeedCalvin Klein.(Brief Article)
W, December, 1999 by Socha, Miles
Now that Fendi's taken, merger maniacs have a new obsession: Calvin Klein. Taking advantage of a hot market for luxury acquisitions, the designer and his partner, Barry Schwartz, are exploring a possible sale or merger with help from investment bank Lazard Freres. Industry sources said Klein's empire could easily fetch more than $1 billion.
Who might be the takers? "I imagine I'm on the mailing list," LVMH chief Bernard Arnault quipped the morning after the news broke. Other frontrunners include Linda Wachner, whose Warnaco Group controls Klein's jeans and underwear businesses; Gucci; Prada; Texas Pacific Group, and HdP, the Italian conglomerate that makes some of Klein's men's wear. Sources said Klein wants a partner who could build his accessories and home...
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