Calvin's New Obsession

12/25/1998 at 12:00 AM EST

There's a "Help Wanted" sign on Calvin Klein's $2.5 billion fashion empire. The provocative designer of clothing and perfume has hired investment bank Lazard Freres & Co. to line up a deal (be it a partner or a complete buyout, say reports). According to a statement released Wednesday by Klein's New York-based company, the designer, 56, wants the financial freedom to expand his empire's line of accessories, menswear, active sportswear and home furnishings. The privately owned company also wishes to open more retail stores -- a move that will relax the grip department stores have on the designer.