Phillips-Van Heusen used to be a sleepy maker of men's dress shirts.

FORBES: The Best Of The Best

The company recently signed two new licenses with Phillips-Van Heusen-owned Calvin Klein, and entered an agreement with a division of Jones Apparel Group.

FORBES

Jones Apparel competes with brands like Liz Claiborne and Phillips-Van Heusen, as well as department store mainstays such as Polo Ralph Lauren and store-owned private labels.

FORBES: Jones Contemplates Losing Its Jeans, Stock Going To $15