Buyers in the consumer goods and retail sectors are looking for brands with longstanding cachet and room to grow, as PVH Corp.'s (NYSE: PVH) recently-announced acquisition of apparel designer and distributor the Warnaco Group Inc. (NYSE: WRC) demonstrates. The $2.9 billion deal, which is expected to close in early 2013, gives PVH several household names popular with consumers, including Calvin Klein, Speedo, Body Nancy Ganz/Bodyslimmers, Warner's and Olga.

"I think a driving force was to put Calvin Klein back under one roof," says Alan Myers, partner at Skadden Arps Slate Meagher & Flom LLP, who advised Warnaco on the deal.

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