secwatch.observer — SEC 8-K summary
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Issuer:     PVH CORP. /DE/ (PVH)
CIK:        0000078239
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000078239-23-000124
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PVH sells Warners, Olga and True & Co. to Basic Resources for $160M cash plus earnout
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- All-cash purchase price of $160M, subject to adjustment, plus earnout up to $10M based on 2024 net sales.
- Transaction expected to close at end of November 2023, subject to standard closing conditions.
- Net proceeds to be used for share repurchases; deal reflects PVH+ Plan focus on Calvin Klein and Tommy Hilfiger.
- Basic Resources is a private family-owned apparel manufacturer, long-time partner of PVH.
- Transaction continues divestiture of non-core brands; Solomon Partners advised PVH.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000124/0000078239-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78239/000007823923000124/pvh-20231110.htm
  HTML page:      https://secwatch.observer/filing/0000078239-23-000124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer