USA: Phillips-Van Heusen Widens Loss On CK Costs
Apparel maker Phillips-Van Heusen Corp (PVH) on Wednesday reported a wider first quarter loss due to costs related to its acquisition of famous fashion label Calvin Klein. The New York-based company posted a loss of $2.2 million, or 22 cents a share, compared with a loss of $800,000, or three cents a share, in the year-ago period. Excluding costs associated with financing the acquisition, it would have earned 11 cents a share.
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