By  on October 22, 2019

PARIS — Swatch Group and PVH Corp. have decided to end their watch licensing agreement for the Calvin Klein brand after more than two decades, reflecting sector upheaval as mid-priced timepieces struggle to compete with smartwatches.

“After more than 22 years of exclusive licensing collaboration, Swatch Group has decided to let the licensing agreement with Calvin Klein end at its date of expiration,” Swatch Group said on Tuesday. It said the contract was due to end “in the near future,” without providing an exact date.

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