Pvh corp. to sell warners, olga and true & co. businesses to basic resources

New york--(business wire)--pvh corp. (nyse:pvh) and basic resources, a private, family-owned organization that manufactures and distributes apparel for leading consumer brands, today announced that basic resources will acquire pvh's warners, olga and true & co. businesses. the all-cash purchase price is $160 million, subject to adjustment, plus an earnout based on the net sales on a portion of the acquired businesses for calendar 2024, with a maximum value of $10 million. the transaction is.
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