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Calvin Klein & Fingen agree on licensing deal

04 Oct '05

4 min read

Calvin Klein Inc, a wholly owned subsidiary of Phillips-Van Heusen Corporation announced that it has entered into an agreement with Fingen S.p.A. to assume responsibility for the manufacture and distribution of the Calvin Klein Collection brand women's and men's designer collection apparel and accessories on a worldwide basis.

Fingen S.p.A. is controlled by the Fratini family and the parent of the licensees for Calvin Klein Jeanswear in Europe and Asia and ck Calvin Klein bridge apparel in Europe. Fingen also currently produces Jean Gaultier Apparel.

Fingen will be responsible for the license effective immediately, beginning with the production of merchandise for the Spring 2006 season. The license was until now held by Vestimenta S.p.A., which as recently reported in the press, is in bankruptcy and in the process of divesting itself of its apparel businesses.

Under the terms of the arrangement, Calvin Klein Inc will retain control over design, marketing, advertising, and public relations, as well as final control over distribution. Fingen will acquire existing manufacturing facilities and retain key operating personnel from the prior licensee and will partner those assets with a talented new management team.

Fingen's immediate focus will be to make any necessary improvements to ensure that the highest quality is achieved for the Collection. This review includes assembling a talented and experienced team - from patternmakers, sewers, cutters, up through management.

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