PVH Corp. and Gazal Corp. Ltd., based in Sydney Australia, have forged a joint venture, PVH Brands Australia Pty. Ltd. The venture will license from Calvin Klein Inc., a wholly owned subsidiary of PVH, the rights to operate, manage and distribute Calvin Klein brand products in Australia, New Zealand and other island nations in the South Pacific. The license is for a 20-year term.
At present, the main distribution in the region consists of a wholesale and retail Calvin Klein Underwear distribution business operated by Gazal, with product supplied through a wholly owned subsidiary of PVH, and a wholesale and retail Calvin Klein Jeans business operated by two other PVH subsidiaries. The joint venture will combine these businesses and establish a unified approach to distribution of the Calvin Klein brand in the region.
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