06 November 2012

Calvin Klein As One

Last week, Calvin Klein fashion was reunited under one roof with its underwear and jeans division after fashion group Phillips-Van Heusen agreed to buy rival Warnaco for USD 2.9 bn (£1.8 bn). The deal comes 15 years after the CK underwear and jeans businesses were licensed to Warnaco. 
The entire Calvin Klein universe will now come under the control of Tom Murry, who has been in charge of Calvin Klein at Phillips-Van Heusen. Having global control of the two largest apparel categories for Calvin Klein – jeans and underwear – will allow Phillips-Van Heusen to unlock the full potential of this powerful designer brand. Phillips-Van Heusen bought the Calvin Klein brand in 2003, which was established by Mr Calvin Klein in the late 1960s, it went on to transform the men's underwear market in the 1980s and propelled its advertising models to fame. The sale will be finalised next year.

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