EXHIBIT 99.1

PHILLIPS-VAN HEUSEN CORPORATION

200 MADISON AVENUE

NEW YORK, N.Y. 10016

FOR IMMEDIATE RELEASE:

                   January 29, 2004

Contact:	Pamela N. Hootkin

		V.P., Treasurer and Investor Relations

		(212) 381-3507

		www.pvh.com
									

PHILLIPS-VAN HEUSEN CORPORATION 

COMMENCES CASH TENDER OFFER AND CONSENT SOLICITATION FOR ITS OUTSTANDING  9-1/2% SENIOR SUBORDINATED NOTES DUE 2008

Phillips-Van Heusen Corporation ("PVH" or the "Company") (NYSE: PVH) announced today it has commenced an offer topurchase for cash any and all of the $150 million outstanding principal amount of its 9-1/2% Senior Subordinated Notes due 2008.  Inconjunction with the tender offer, PVH is soliciting consents to effect certain proposed amendments to the indenture governing the notes. Thetender offer and consent solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated January 29,2004, and a related Consent and Letter of Transmittal, which more fully set forth the terms and conditions of the tender offer and consentsolicitation.

The total consideration to be paid for each validly tendered note will be equal to $1,048.75 per $1,000 principal amount of the notes, plusany accrued and unpaid interest on the notes up to, but not including, the date of payment. The total consideration includes a consent paymentof $30.00 per $1,000 principal amount of notes payable only to holders who tender their notes and validly deliver their consents prior to theexpiration of the consent solicitation, and tender offer consideration of $1,018.75 per $1,000 principal amount of the notes. The consentsolicitation will expire at 5:00 p.m., New York City time, on February 9, 2004, unless terminated or extended. The tender offer will expire at12:00 midnight, New York City time, on February 26, 2004, unless terminated or extended.

Among other things, the proposed amendments to the indenture governing the notes would eliminate most of the indenture's principalrestrictive covenants and would amend certain other provisions contained in the indenture. Adoption of the proposed amendments requires theconsent of the holders of at least a majority of the aggregate principal amount of the notes outstanding. Holders who tender their notes willbe required to consent to the proposed amendments and holders may not deliver consents to the proposed amendments without tendering their notesin the tender offer. Tendered notes may be withdrawn and consents may be revoked at any time prior to the expiration of the consentsolicitation, but not thereafter.

The tender offer is conditioned upon, among other things, a minimum tender condition, a requisite consents condition, the consent of therequired lenders under its credit facility to the purchase of the notes in the tender offer and the completion of an offering by PVH of newdebt securities in the principal amount of at least $150.0 million. The new notes will not be registered under the Securities Act of 1933, asamended or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption fromregistration requirements.

Credit Suisse First Boston LLC is acting as dealer manager and solicitation agent for the tender offer and the consent solicitation. Thedepositary for the tender offer is Union Bank of California, N.A. Questions regarding the tender offer and consent solicitation may be directedto Credit Suisse First Boston, telephone number (800) 820-1653 (toll free) and (212) 538-4807 (call collect). Requests for copies of the Offerto Purchase and Consent Solicitation Statement and related documents may be directed to Georgeson Shareholder Communications Inc., telephonenumber (800) 849-5704 (toll free) and (212) 440-9800 (call collect).

This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to thenotes nor is this announcement an offer or solicitation of an offer to sell new debt securities. The tender offer and consent solicitation aremade solely by means of the Offer to Purchase and Consent Solicitation Statement.

Phillips-Van Heusen Corporation is the world's largest shirt company and one of the leading apparel and footwear companies. It markets goodsunder its own brands, Van Heusen, Calvin Klein, Izod, Bass and G. H. Bass & Co., and its licensed brands Geoffrey Beene, Arrow, KennethCole New York, Reaction by Kenneth Cole and BCBG Max Azria.

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