NEW YORK — Calvin Klein Inc. has inked a licensing deal with G-III Apparel Group Ltd. for women's better suits.
G-III will manufacture and distribute suits under the better-priced Calvin Klein label for the U.S., Canada and Mexico.
The line, which is expected to complement the existing Calvin Klein sportswear, outerwear, shoes and accessories, will bow in select department and specialty stores next spring. The plan is to launch the suits at approximately 300 doors, and increase the distribution to more than 800 doors by the end of the first year. The suits, which are expected to ship 12 months a year beginning in January, will have wholesale price points from $100 to $300. G-III is also the licensee for men's and women's outerwear under the Calvin Klein label.
Tom Murry, president and chief operating officer at CKI, a division of Phillips-Van Heusen Corp., could not be reached for comment, but said in a statement: "We are pleased with G-III's execution of our women's and men's outerwear lines. We look forward to the opportunity to expand our business and our relationship with them to include women's better suits."
G-III also makes licensed outerwear and sportswear for labels such as Kenneth Cole, Tommy Hilfiger, BCBG by Max Azria, Nine West, Cole Haan, Guess, Jones Apparel, Sean John, St. John Knits, House of Deréon and Ellen Tracy.
"At G-III, we have an established goal of being a diversified apparel company covering all seasons," Sammy Aaron, vice chairman of G-III, added in the statement. "The signing of this important license is another big step in that direction."
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