SUBSEQUENT EVENT

9 Months Ended

Oct. 28, 2012

Notes to Financial Statements [Abstract]

SUBSEQUENT EVENT

SUBSEQUENT EVENT

The Company entered into a definitive agreement on October 29, 2012 to acquire (through a merger) Warnaco, for total consideration of approximately $3,000,000. The consideration includes $51.75 in cash and 0.1822 of a share of PVH common stock for each share of Warnaco common stock that is outstanding at the effective time of the merger. The transaction is expected to close early in 2013.

The closing of the transaction is subject to customary conditions, including approval by the holders of a majority of the outstanding shares of Warnaco common stock and approval under applicable antitrust and competition laws. Commitments for $4,325,000 of financing in the form of a senior secured credit facility have been received. The facility will be used to refinance debt, fund the cash portion of the consideration, pay other transaction related expenses, and provide liquidity for the Company going forward.