PVH Corp. to Exit Heritage Brands Business with Sale of IZOD, Van Heusen, ARROW and Geoffrey Beene Brands to Authentic Brands Group

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Jun 23, 2021

PVH+Corp. [NYSE:PVH], announced today that it has entered into a definitive agreement to sell certain intellectual property and other assets of its Heritage Brands business to Authentic Brands Group (ABG) and will exit its Heritage Brands business. The cash purchase price for the transaction is approximately $220 million, subject to customary adjustment. The transaction includes the IZOD, Van Heusen, ARROW and Geoffrey Beene brand trademarks.