NEW YORK -- Calvin Klein Inc. is moving all of its women's collection accessories in-house and dropping its licensing agreement with leather goods firm DeVecchi.
Daryl Guido has been appointed to the new post of vice president of Calvin Klein women's collection accessories, effective today. Guido, who was the sales manager for Goldpfeil Ludwig Krumm AG, a German leather goods company, will be responsible for the sales and marketing of all accessories, including belts, gloves, hats, handbags, scarves and small leather goods. The entire line will be shown as part of Klein's women's collection.
This spring's handbag, belt and small leather goods will mark the final collection produced by DeVecchi, who held the Calvin Klein leather goods license for two years.
According to a spokeswoman for Calvin Klein, the company decided to bring production and distribution of all accessories in-house "to offer us a better opportunity to control growth and quality." Except for leather goods, she noted that the designer's company was already producing the scarves, hats and gloves itself.
Peter Macri, president of DeVecchi, said the Calvin Klein line represented a "moderately sized business for us in terms of volume."
"The decision was mutual," Macri added. "Both companies had other priorities and plans for the future."
Calvin Klein will continue its eyewear licensing agreement with Marchon & Marcolin, as well as its shoe licensing agreement with Diego Della Valle, the spokeswoman said.
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