Calvin Klein to Buy Back Euro Licenses

“Bringing the ck Calvin Klein European operations in-house creates an opportunity for us to better develop the Calvin Klein brand in Europe by leveraging PVH’s European infrastructure,” says Tom Murry, president and chief executive officer, Calvin Klein. “PVH’s 2010 acquisition of Tommy Hilfiger brought with it an excellent European operating platform and distribution network with dedicated market expertise. We feel that this established platform, under the leadership of Fred Gehring, chief executive officer of Tommy Hilfiger and PVH International, combined with the strength of our brand and Calvin Klein’s innovative in-house design and marketing teams, will accelerate the growth of the business from where it is today.”