PVH Corp. PVH concluded its previously announced deal with funds advised by Apax Partners, as it acquired the remaining 55% stake in TH Asia Ltd – its joint venture for Tommy Hilfiger in China.This transaction has been on management’s agenda ever since it established the Tommy Hilfiger China joint venture with the funds advised by Apax Partners. The China joint venture was made in connection with PVH’S Tommy Hilfiger buyout that occurred in 2010.This deal is likely to benefit Tommy Hilfiger as it will allow the latter to directly operate in Asia – its fastest growing market with solid brand strength across both the Calvin Klein and Tommy Hilfiger brands. Given this development and PVH’s solid Asian infrastructure and regional leadership know-how, management is optimistic about Tommy Hilfiger’s growth in China.Apart from this, the acquisition will also benefit PVH by boosting its financial performance. Notably, the deal is anticipated to augment the company’s top line by $100 million, alongside being accretive to PVH’s adjusted earnings per share for fiscal 2016.PVH has long been focused on growing its brands in a bid to enhance performance, which has helped it become one of the largest apparel names worldwide. The company’s approach to brand management facilitates each of its brands to develop further through efficient marketing strategies, financial control and operating leverage.Additionally, in an attempt to utilize its resources to exploit every possible growth opportunity, the company is investing in other developing brands through various licensing and partnership agreements. Based on the strength of its brands, particularly Tommy Hilfiger and Calvin Klein, coupled with opportunities with regard to distribution, we believe that the company is poised for long-term growth.Zacks RankPVH currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the apparel space include American Eagle Outfitters, Inc. AEO, with a Zacks Rank #1 (Strong Buy), and Columbia Sportswear Company COLM and Duluth Holdings Inc. DLTH, each carrying a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMER EAGLE OUTF (AEO): Free Stock Analysis Report COLUMBIA SPORTS (COLM): Free Stock Analysis Report PVH CORP (PVH): Free Stock Analysis Report DULUTH HOLDINGS (DLTH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research