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OTHER
6 Months Ended
Jul. 31, 2016
Other [Abstract]  
Other [Text Block]
OTHER

On May 19, 2016, the Company announced that it had entered into an agreement with Grupo Axo, S.A.P.I. de C.V. (“Grupo Axo”) to form a joint venture that will license from wholly owned subsidiaries of the Company the rights to distribute in Mexico certain Calvin Klein, Tommy Hilfiger, Warner’s, Olga and Speedo brand products. The joint venture will be formed by merging the wholly owned Mexico subsidiary of the Company that operates the Calvin Klein and Heritage Brands businesses in Mexico with the wholly owned subsidiary of Grupo Axo that distributes Tommy Hilfiger brand products in Mexico. In connection with this contribution, the Company would deconsolidate its Mexico subsidiary and, as a result, it may recognize a gain or loss on such transaction. The gain or loss would be measured as the difference between the fair value of the retained equity method interest and the sum of (i) the carrying value of the net assets of the subsidiary, including any foreign currency translation adjustments recorded in AOCL, and (ii) the cash contributed to the joint venture. The closing is subject to closing conditions, including regulatory approval.