NEW YORK — Calvin Klein, a subsidiary of Phillips-Van Heusen Corp., and The Warnaco Group said Monday they have forged a new swimwear licensing deal by amending certain existing agreements.
As of January, Warnaco will make, distribute and sell swimwear under Calvin Klein trademarks worldwide. The deal enables Warnaco to enter a sublicensing deal with Happy Kids Inc., to produce and distribute Calvin Klein children’s jeanswear in North America, Central America and South America.
Terms of the deal were not released.
Bruce Klatsky, chairman and chief executive officer of PVH, said, “The agreement we have reached with Warnaco brings certainty and clarity to our licensing arrangement and we look forward to a new, prosperous and cooperative chapter in the relationship between Warnaco and Calvin Klein.”
Joseph Gromek, president and ceo of Warnaco, said, “These new agreements and initiatives…reflect a genuine spirit of partnership between our two organizations to build the Calvin Klein brand worldwide.”
Warnaco plans to introduce CK swimwear next year and will follow up with Calvin Klein swimwear once that license expires with Swimwear Anywear. Officials at Swimwear Anywear deferred calls Monday to Calvin Klein executives, who were unavailable for comment.
Kathy Van Ness, president of the designer division at Warnaco’s Authentic Fitness division, said, “With the intimate apparel and jeans, it really makes sense to have Calvin Klein swimwear to be here as well. It certainly seems synergistic.”
Authentic Fitness also produces swimwear for Nautica, Anne Cole, Anne Cole Locker, Cole of California, Speedo, Sunset Beach and Catalina.
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