PVH Corp. Announces License Agreement with Concept One Accessories for Headwear under the IZOD Brand
NEW YORK--(BUSINESS WIRE)--Feb. 7, 2013--
PVH Corp. (NYSE: PVH) has entered a licensed agreement with USPA
Accessories, LLC dba Concept One Accessories to market and distribute
men’s and boys’ non-knit headwear for the IZOD brand. The initial
term of the license agreement runs through 2015, and provides for a
three-year renewal at PVH’s option.
Under the license, Concept One will produce and distribute baseball
caps, fedoras, and military style headwear. The product will be sold at
major department and specialty stores throughout the United States,
Canada and Mexico.
“IZOD is a youthful, sport spirited brand, and we believe this
new line of headwear fits well within the IZOD brand lifestyle
for our male consumers,” said Ken Wyse, President of Licensing for PVH
Corp. “We have successfully partnered with Concept One for other PVH
owned brands and believe they have the capability to maximize the
potential of this category for the IZOD brand.”
"IZOD is a heritage brand on the move" said Sam Hafif, CEO
Concept One Accessories. "Not only is it a jewel in the PVH brand
portfolio, it's an excellent brand for extension to headwear. The sporty
lifestyle and vibrant color scheme of the line lends itself perfectly to
our category, and the brand appeals to a broad age demographic making it
a great opportunity for retail headwear programs. This agreement is our
second license with PVH. We launched headwear under PVH’s VAN HEUSEN
brand last year, and we're very excited about the expanded relationship
with PVH."
About PVH Corp.
PVH Corp., one of the world’s largest apparel companies, owns and
markets the iconic Calvin Klein and Tommy Hilfiger brands
worldwide. It is the world’s largest shirt and neckwear company and
markets a variety of goods under its own brands, Van Heusen, Calvin
Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co.,
and its licensed brands, including Geoffrey Beene, Kenneth Cole New
York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps,
Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar
and John Varvatos.
ABOUT CONCEPT ONE:
Concept One Accessories is the premier resource for licensed fashion,
sports, and entertainment accessories. Our well-rounded portfolio and
expansive product offering establishes the company as the go-to resource
for fashion accessories across all channels of distribution.
Concept One’s commitment to growth is demonstrated by the company’s
continuous investments in production capabilities and strategic
acquisitions. Concept One’s steadfast and aggressive approach to growth
will ensure the company’s long-term position as a proven leader in the
accessories business.
The company was established in 1999 by brothers Sam and Bernie Hafif and
employs over 150 people worldwide.
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SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: Forward-looking statements made in this press release,
including, without limitation, statements relating to PVH Corp.’s
future plans, strategies, objectives, expectations and intentions,
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned
that such forward-looking statements are inherently subject to risks
and uncertainties, many of which cannot be predicted with accuracy,
and some of which might not be anticipated, including, without
limitation, the following: (i) the Company's plans, strategies,
objectives, expectations and intentions are subject to change at any
time at the discretion of the Company; (ii) the levels of sales of
the Company's licensees at wholesale and retail, and the extent of
discounts and promotional pricing in which the Company's licensees
and other business partners are required to engage, all of which can
be affected by weather conditions, changes in the economy, fuel
prices, reductions in travel, fashion trends, consolidations,
repositionings and bankruptcies in the retail industries, and other
factors; (iii) civil conflict, war or terrorist acts, the threat of
any of the foregoing, or political and labor instability in any of
the countries where the Company's licensees' or other business
partners' products are sold, produced or are planned to be sold or
produced; (iv) disease epidemics and health related concerns, which
could result in closed factories, reduced workforces, scarcity of
raw materials and scrutiny or embargoing of goods produced in
infected areas, as well as reduced consumer traffic and purchasing,
as consumers limit or cease shopping in order to avoid exposure or
become ill; (v) the failure of the Company's licensees to market
successfully licensed products or to preserve the value of the
Company's brands, or their misuse of the Company's brands and (vi)
other risks and uncertainties indicated from time to time in the
Company's filings with the Securities and Exchange Commission.
The Company does not undertake any obligation to update publicly
any forward-looking statement, whether as a result of the receipt
of new information, future events or otherwise.
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Source: PVH Corp.
PVH Corp.
Investors:
Dana Perlman, 212-381-3502
Treasurer,
SVP - Business Development and Investor Relations
or
Licensing:
Ken
Wyse, 212-381-3628
President, Licensing
or
Media:
Jason
Colin, 212-381-3937
Director of Communications