Calvin Klein Collection - Licensing and Production

Licensing and Production

Before PVH decided in 2003 to license the Collection business, the design of Calvin Klein Collection had been managed out of the label's West 39th Street headquarters in New York City by Mr. Klein and his design staff, even though the pieces were European-produced. The worldwide license for the Collection was then held from 2003 by Vestimenta SpA, an Italian high-fashion manufacturer, whose bankruptcy led Fingen SpA of Italy (the parent of the licensees for Calvin Klein Jeanswear in Europe and Asia and ck Calvin Klein bridge apparel in Europe) to take over the license starting with the Spring 2006 line in the form of a subsidiary named CMI (Confezioni Moda Italia). In late 2005, the New York-based Warnaco Group, an apparel manufacturer that already cooperates with Calvin Klein in their sportswear and Jeans business on the US market, arranged to acquire the worldwide license from "Florence-based Fingen SpA for $286 million" for the 2008 to 2013 period. However, in December 2007 it was announced that PVH will take design and production duties for the collection back in-house to regain full control of the label and Warnaco will instead receive the rights to operate Calvin Klein Jeans retail stores in Europe, Asia and Latin America and ck Calvin Klein accessories stores in Europe and Latin America.