Phillips-Van Heusen Corp
said it will buy fashion brand Tommy Hilfiger for about $3.0 billion to boost its international segment.

Tommy Hilfiger is currently owned by private equity firm Apax Partners .

Phillips-Van Heusen expects the deal to boost earnings by 20 cents to 25 cents a share, excluding items, in the fiscal year ending January 30, 2011. It sees a profit boost of 75 cents a share to $1.00 a share in the fiscal year ending January 29, 2012.

(Reporting by Dhanya Skariachan; Editing by Derek Caney)