NEW YORK CITY — June 3, 2019 — PVH Corp. and G-III Apparel Group Ltd. announced today that PVH’s Calvin Klein Inc. (CKI) subsidiary and G-III have entered into a license agreement with an initial term of five years for the design, production and distribution of Calvin Klein Jeans women’s jeanswear collections in the United States and Canada. This business is in addition to the other women’s Calvin Klein businesses that are already licensed to G-III by CKI.
The arrangement will support PVH’s strategy to build a successful women’s jeanswear business in North America by leveraging G-III’s category and market expertise. The launch of G-III’s first women’s Calvin Klein Jeans collection is expected for the spring 2020 season.
Emanuel Chirico, chairman and CEO, PVH Corp., commented: “G-III has been a great partner for us over the years and has successfully grown the Calvin Klein womenswear business to be a leading resource across the North American apparel market. We look forward to our expanded partnership with G-III, as this represents another great opportunity to leverage their market expertise to drive the continued expansion of the Calvin Klein women’s apparel categories.”
Morris Goldfarb, chairman, CEO, G-III Apparel Group Ltd., commented: “We have an incredible relationship with PVH and the Calvin Klein team. They have done an outstanding job managing and marketing the Calvin Klein brand and we look forward to further developing this iconic global brand and building a profitable women’s business for Calvin Klein Jeans in the U.S. and Canada.”
June 3, 2019
Source: PVH Corp.