Calvin Klein Seeking Buyer or Partner
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NEW YORK — Calvin Klein, the edgy American designer known for racy ads and $70 jeans, is looking for a buyer or partner for his New York-based fashion company.
Klein wants to expand his $2.5-billion empire in accessories, beauty products, men’s wear, active sportswear and home furnishings. The privately owned company also wants to open more retail stores.
The company said it had hired Lazard Freres & Co. to explore “strategic courses of action that the company may pursue in order to further develop and grow the business.”
Executives declined to comment further.
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