NEW YORK--(BUSINESS WIRE)--May 8, 2014--
Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE:PVH),
and American Designer Fashion S.A. (“ADF”), an affiliated company
of American Sportswear S.A., both part of the ASW Group, today announced
that they have entered into a distribution and retail store license
agreement for ADF to exclusively distribute Calvin Klein Jeans,
Calvin Klein Underwear, and Calvin Klein white label product
categories and accessories in Latin America (excluding Brazil and
Mexico), as well as several Caribbean countries, and certain duty free
rights in Brazil and Mexico.
Calvin Klein white label S'14 advertising campaign: © 2014 Mario Sorrenti
The agreement allows ADF to distribute men’s and women’s Calvin Klein
Jeans apparel and accessories; Calvin Klein Underwear,
including sleepwear and loungewear; and Calvin Klein white label
sportswear, coats and other outerwear, swimwear, footwear, and small
leather goods; women’s dresses, suits, and performance; and men’s suits,
dress shirts, and ties in the territory.
The agreement grants ADF distribution rights throughout Latin America,
excluding Brazil and Mexico, with the exception of certain duty free
rights in both countries. Additionally, ADF has assumed the operations
for 18 freestanding Calvin Klein Jeans and Calvin Klein
Underwear stores in Chile, Colombia, Costa Rica, Panama, and Peru.
“As experts in the Latin American region, including as distributor for
our sister company, Tommy Hilfiger, ASW Group represents the best
partner for our Calvin Klein brands,” said Tom Murry,
Chief Executive Officer, Calvin Klein, Inc. “We look forward to the
opportunities this new arrangement brings to expand our businesses in
this important growth market.”
“It is an honor to incorporate Calvin Klein brands into our
portfolio. Our vision is to leverage the strong global brand awareness
of Calvin Klein and our current infrastructure and regional
footprint in Latin America to successfully position Calvin Klein
as one of the preeminent global designer brands in the fashion industry
in the region. We are excited at the opportunity this agreement
presents,” said Solly Azrak, CEO, ASW Group.
Calvin Klein, Inc. is one of the leading fashion design and marketing
studios in the world. It designs and markets women’s and men’s designer
collection apparel and a range of other products that are manufactured
and marketed through an extensive network of licensing agreements and
other arrangements worldwide. Product lines under the various Calvin
Klein brands include women’s dresses and suits, men's dress
furnishings and tailored clothing, men’s and women's sportswear and
bridge and collection apparel, golf apparel, jeanswear, underwear,
fragrances, eyewear, women’s performance apparel, hosiery, socks,
footwear, swimwear, jewelry, watches, outerwear, handbags, small leather
goods, and home furnishings (including furniture). For more information,
please visit calvinklein.com.
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,
Warner’s and Olga, and its licensed brands, including Speedo,
Geoffrey Beene, Kenneth Cole New York, Kenneth Cole
Reaction, MICHAEL Michael Kors, Sean John, Chaps,
Donald J. Trump Signature Collection, Joseph Abboud, DKNY,
Ike Behar and John Varvatos.
American Designer Fashion is the newly appointed Calvin Klein
distributor for Latin America, excluding Brazil and Mexico, with the
exception of certain duty free rights in both countries. It distributes Calvin
Klein Jeans, Calvin Klein Underwear and Calvin Klein
white label, including sportswear, coats and other outerwear, swimwear,
footwear, and small leather goods; women’s dresses, suits, and
performance; and men’s suits, dress shirts, and ties in the territory.
It is an affiliated company of American Sportswear S.A., the first
international licensee for the Tommy Hilfiger brand and its
exclusive distributor in Latin America since 1986.
ASW Group is the parent company of American Sportswear and American
Designer Fashion. Headquartered in Panama City, Republic of Panama, it
distributes a wide array of product categories including but not limited
to sportswear, womenswear, denim, footwear, formal wear, handbags and
accessories, underwear, swimwear among many others. In addition, it
currently manages over 130 Tommy Hilfiger stores in the region, in
several different formats including Tommy Hilfiger Denim and Tommy
Hilfiger Kids and 18 Calvin Klein stores in Latin America,
including Calvin Klein Jeans and Calvin Klein Underwear store
formats.
PVH CORP. 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 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 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 and
distributors at wholesale and retail, and the extent of discounts and
promotional pricing in which the Company's licensees and distributors
and their 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 and distributors and their business partners sell or
produce or planned to sell or produce products under a Company brand;
(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 and distributors to market successfully products
under, 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.
IMAGE CREDIT: Calvin Klein white label S’14 advertising
campaign: © 2014 Mario Sorrenti
SOCIAL MEDIA: facebook.com/calvinklein; calvinklein.tumblr.com;
google.com/+calvinklein; youtube.com/calvinklein;
twitter.com/calvinklein; instagram.com/calvinklein
brand
handle: @calvinklein
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140508005269/en/
Source: Calvin Klein, Inc.
Calvin Klein, Inc.
Malcolm Carfrae, 212-292-9799
EVP &
Chief Comm. Officer
malcolmcarfrae@ck.com
or
Jennifer
Crawford, 212-292-9795
SVP, Corporate Communications
jennifercrawford@ck.com
or
PVH
Corp.
Dana Perlman, 212-381-3502
Treasurer, SVP – Bus.
Dev. & Investor Relations
danaperlman@pvh.com
or
ADF
Katherine
Lyma-Young, 507-206-0547
Marketing and Communications Manager
klymayoung@thassap.com
