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Calvin Klein to Buy Back Euro Licenses

Phillips Van-Heusen subsidiary Calvin Klein will re-acquire the licenses held by Warnaco for the distribution and sale of ck Calvin Klein apparel and accessories and the operation of retail stores in Europe, effective in 2013. PVH International will estab

PVH International will establish a dedicated team to operate the ck Calvin Klein apparel and accessories businesses.

“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.”

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