Two iconic American clothing labels – Tommy Hilfiger and Calvin Klein – are coming together under one roof after Phillips-Van Heusen said it will purchase Tommy Hilfiger.

The deal adds a prominent brand to Phillips-Van Heusen’s stable, which also includes Izod and Arrow. It’s expected to help Phillips-Van Heusen introduce some of its brands overseas, where privately held Hilfiger is strong.

Phillips-Van Heusen, based in New York, said the combined company’s revenue will total about $4.6 billion.”This transaction brings together two highly complementary companies with iconic brands,” CEO Emanuel Chirico said in a call with analysts.

Tommy Hilfiger will remain in his role as principal designer, setting the vision for the Tommy Hilfiger brand.