By  on April 19, 2012

PVH Corp. and Calvin Klein Inc. have proven over the past decade they have the right chemistry.

Since PVH’s acquisition of CKI in 2003, global retail sales of products bearing the Calvin Klein name have catapulted from $2.8 billion in 2003 to $7.6 billion in 2011. CKI has provided PVH with not only a world-class designer brand, but the opportunity to market products both domestically and internationally at higher price points and in higher-end distribution channels than its heritage brands’ offerings.

In an interview, Tom Murry, president and chief executive officer of Calvin Klein Inc., called the integration into PVH “historically smooth.” Generally, when mergers and acquisitions don’t work, it’s usually about the culture, he said. “We were very fortunate. The senior management team of PVH and the senior management team of CKI got along from Day One. It was a nice cultural blend of personality types.”

 

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