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G-III gets CK Women's Better Sportswear license
20
Aug '08
Calvin Klein Inc, a wholly owned subsidiary of Phillips-Van Heusen Corporation, announced that it has entered into a license agreement pursuant to which G-III Apparel Group Ltd will license Calvin Klein better women's sportswear, succeeding current licensee Kellwood Company.

Under the terms of the license agreement, G-III will succeed to Kellwood's rights for the manufacture and distribution to department stores and specialty stores in the United States, Canada, and Mexico, as well as additional Central and South American territories, of Calvin Klein better women's sportswear. G-III will commence offering product for the Spring/Summer 2009 shipping season.

G-III currently holds licenses under the Calvin Klein brand name for men's and women's better outerwear, women's better dresses and suits, and most recently, a line of women's performance apparel.

"We are very pleased to be expanding our partnership with G-III to include our Calvin Klein women's better sportswear," said Tom Murry, President & Chief Operating Officer, Calvin Klein Inc.

"G-III's approach to each of the licensed Calvin Klein business categories that they currently operate has proven to be successful, and we anticipate that they will have similar results with the women's sportswear business."

Morris Goldfarb, Chairman and Chief Executive Officer of G-III, commented, "We are excited to further strengthen our relationship with the Calvin Klein brand and Phillips-Van Heusen Corporation. We have developed a thorough understanding of the brand and we eagerly anticipate this new extension of our partnership with Calvin Klein.

We believe that this license agreement is an important and strategically significant development that will benefit our two companies and the many customers of the Calvin Klein brand."

Calvin Klein Inc


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