We had been successful with the Regis Philbin and Donald Trump licensing deals and many others, but that doesn’t mean we were always successful either in licensing or in acquisition deals. In fact, sometimes the best deal is the one you walk away from.
When I was at PVH, a company called Crystal Brands was for sale because it was going through bankruptcy. Crystal Brands manufactured and sold sportswear, costume jewelry, and accessories, with brands including Izod, Gant, and Monet. The Monet business was more than $100 million, with ...