NEW YORK — Izod women’s wear is no longer just an idea on the drawing board, and models sporting the cool, pastel-colored clothes drove home that point.

Executives from Phillips-Van Heusen and Kellwood Co., retailers and newly-appointed Izod executives celebrated the debut of the line at a party last week at the brand’s sparkling new showroom at 1411 Broadway here. Kellwood has the license to produce the moderate-priced women’s lifestyle collection from PVH.

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