CALVIN KLEIN DENIES REPORT OF PARIS STORES’ SHUTDOWNS
PARIS — It’s business as usual at the Calvin Klein stores on Avenue Montaigne.
Both Calvin Klein Inc. and Alain Adjadj, who runs the stores under license, denied a report Monday that the flagship women’s store and a newer men’s unit would be closing.
“False,” Adjadj told WWD of the report. Adjadj, who operates some 20 designer stores in France and the U.K., including the Dolce & Gabbana store on Avenue Montaigne, said he is frequently asked about the future of the locations, but he said his contract with Klein is intact until the end of 2001.
Adjadj said both he and Klein have another six months before they will discuss whether to continue their negotiation. According to sources, Klein’s options after 2001 would be to renew Adjadj’s licensing agreement, assign the stores to another licensee, take over the locations themselves, or shutter them.
A Calvin Klein Inc. spokesman in New York said, “As a world center of fashion, Paris is an important city to us and we will maintain a Collection store there. But it is not our policy to comment on negotiations for locations or with franchise partners.”
Klein’s 6,000-square-foot flagship at 45 Avenue Montaigne, opened in May 1997 with a glitzy cocktail party hosted by the designer. He added to his Paris presence in February 1999 by opening a 3,000-square-foot men’s store across the street at 56 Avenue Montaigne.
Both stores are operated by Valexa, a French holding company run by Adjadj.
Asked if he was happy with the performance of the two stores, Adjadj acknowledged his concern over Klein’s business woes: the failed attempt to sell the company and the lawsuits and countersuits that are under way with his licensing partner The Warnaco Group.
“I would prefer to see the collection in the paper rather than this type of news,” he said. Asked if the stores make money, he replied: “It’s not good. It’s not bad. It’s medium.”
Adjadj also operates Gianfranco Ferre and Hugo Boss stores in Paris.