PVH Corp. PVH recently agreed to reacquire the Tommy Hilfiger brand’s license in Central and South East Asia from Dickson Concepts (International) Limited. The deal is likely to close in second-quarter 2019 and spreads across Hong Kong, Macau, Taiwan, Singapore and Malaysia. It also includes some related leases and retail assets. However, other terms of the deal remained under covers.Notably, the transaction is in sync with the company’s strategy of having direct control over its brands, which also covers licensed businesses. Through the latest agreement, PVH Corp will be able to leverage growth opportunities in the Central and South East Asian region. Further, the company expects its Asia Pacific platform to aid expansion of the Tommy Hilfiger brand in Greater China for driving growth. The enhancement of the brand will be backed by further investments for introducing other product lines and growing brand experience.The latest deal reflects PVH Corp’s significant investments to aid long-term growth, hence leveraging its infrastructure, leadership and brand momentum. We note that PVH Corp has acquired Tommy Hilfiger from Chinese licensee Dickson Concepts in 2011. The Dickson Concepts was likely to remain the brand’s licensee in Hong Kong, Macau, Taiwan, Singapore and Malaysia till 2019.PVH Corp has been witnessing strong momentum at Tommy Hilfiger brand, which has been driving the company’s top- and bottom-line performance. In third-quarter fiscal 2018, revenues at the Tommy Hilfiger segment jumped 11% to $1.1 billion and improved 13% in constant currency. The segment’s International revenues increased 16%, while it rose 19% in constant currency. This improvement was driven by a stellar performance in all regions and channels, and comparable store sales growth of 13%. Additionally, its North America business witnessed revenue growth of 3% to $424 million on the back of robust improvement in wholesale business.Moreover, the company’s approach toward brand management helps each of its brands to develop further through efficient marketing strategies, financial control and operating leverage.However, shares of this Zacks Rank #4 (Sell) have lost 24.8% in the past six months, wider than the industry’s 8.9% decline. Recent softness in its Calvin Klein brand has led to the stock’s dismal performance. Fashion-miss related issues in Calvin Klein’s Jeans business mainly impacted results. While the company is working to fix these issues, gains from these efforts are likely to be visible in fiscal 2019.Want Better-Ranked Stocks in the Same Space? Check TheseG-III Apparel Group, Ltd. GIII has an impressive long-term earnings growth rate of 15% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Ralph Lauren Corporation RL outpaced the earnings estimates in each of the trailing four quarters by an average of 6.9%. The company has a Zacks Rank #2 (Buy).lululemon athletica inc. LULU, also a Zacks Rank #2 stock, delivered average trailing four-quarter earnings surprise of 19.5%.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>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 lululemon athletica inc. (LULU): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report Ralph Lauren Corporation (RL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research