PVH Makes Future Plan for Calvin Klein

PVH Group, who bought Warnaco with the price of $2.9 billion on October 31, 2012, has possessed Calvin Klein brand on completion of the deal, while Warnaco will continue to hold Calvin Klein lingerie series. The president and CEO of PVH Group Emanuel Chirico said on the meeting that the Group has made a new future plan for Calvin Klein brand.

The president and CEO of PVH Group Emanuel Chirico said on the meeting that the Group has made a new future plan for Calvin Klein brand, and believed that it will start to produce results next year. The key of the future plan is to improve the quality, emphasizing the design to strengthen the brand image in the market.

PVH Group, who bought Warnaco with the price of $2.9 billion on October 31, 2012, has possessed Calvin Klein brand on completion of the deal, while Warnaco will continue to hold Calvin Klein lingerie series.

It is reported that the third quarter performance of Calvin Klein brand is very ideal, with income rose 6.1%, which is up to $319.6 million, and operating income rose 7.3%, which is up to $92.4 million. The franchise business performance of Warnaco is not bad although the performances in the past few quarters are not very well.