NEW YORK--(BUSINESS WIRE)--Jun. 7, 2017--
PVH
Corp. [NYSE:PVH] announced today it has entered into a new licensing
agreement with Sports Products of America (a division of Adjmi
Apparel Group) under which the Adjmi division will manufacture,
sell, distribute and promote women’s sportswear, golfwear and
activewear, in all sizes, under PVH’s IZOD
brand. Products will launch in February 2018 and will be sold primarily
in department stores, specialty stores, national chains, sporting goods
stores and pure play online retailers throughout the United States and
Canada. The initial term of the licensing agreement runs through 2020.
“We are thrilled to cater to the female consumer with IZOD
sportswear, golfwear and activewear. We believe that these collections
will capture the youthful, energetic, sports-inspired lifestyle
positioning that the brand has been known for throughout its 80 years of
history,” said Ken Wyse, President Licensing, PVH Corp. “Adjmi has
extensive knowledge and experience in these categories and we look
forward to working with them to build this business across the United
States and Canada.”
Mark Adjmi, CEO of Adjmi Apparel Group added “We are truly excited to
partner with PVH on IZOD women’s sportswear, golfwear and
activewear. This partnership will combine Adjmi Apparel Group’s decades
of experience delivering high-quality and fashionable women’s apparel
with the iconic IZOD brand. We look forward to providing the IZOD
woman with confident, approachable and comfortable sportswear, golfwear
and activewear.”
About PVH
Corp.
With a history going back over 135 years, PVH has excelled at growing
brands and businesses with rich American heritages, becoming one of the
largest apparel companies in the world. We have over 30,000 associates
operating in over 40 countries and over $8 billion in annual
revenues. We own the iconic CALVIN
KLEIN, Tommy
Hilfiger, Van
Heusen, IZOD,
ARROW,
Speedo*,
Warner’s and Olga brands,
and market a variety of goods under these and other nationally and
internationally known owned and licensed brands.
*The Speedo brand is licensed for North America and
the Caribbean in perpetuity from Speedo International, Ltd.
About Adjmi Apparel Group:
Established in 1976, Adjmi Apparel Group has transformed from a small
importer to one of the most reputable apparel manufacturers in the
industry. Over the last forty years, Adjmi has established itself as a
source for high-quality, fashionable apparel across various product
categories and age groups. The Adjmi portfolio currently includes
international brands such as XOXO, Earl Jeans, Hind, Fila and Champion,
as well as market brands including Apana and Layer 8. Adjmi also
operates a private label business for some of the largest retailers in
the world.
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,: (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170607005158/en/
Source: PVH Corp.
PVH CORP.
Media / Investors
Dana Perlman,
212-381-3502
Treasurer, Senior Vice President – Business
Development
and Investor Relations
investorrelations@pvh.com
or
Adjmi
Apparel Group
Jack Adjmi, 212-629-9600
Executive Vice
President of Women’s Apparel
jack@adjmi.com
