PVH Corp. Enters into Licensing Agreement with NIKE, Inc. for Men’s Underwear Business
April 30 2019 - 9:00AM
Business Wire
NIKE-branded men’s underwear will be produced
by PVH’s Center of Excellence for Underwear
PVH Corp. [NYSE:PVH], one of the world’s largest apparel
companies and owner of iconic brands, including CALVIN KLEIN, TOMMY
HILFIGER, Van Heusen, Speedo, Warner’s and IZOD, announced it has
entered into a licensing agreement with NIKE, Inc. (NYSE: NKE) for
the design, sourcing, marketing and worldwide distribution of
NIKE-branded men’s underwear.
This partnership using PVH’s innovative underwear platform will
deliver exciting NIKE men’s underwear products, supported by
complementary commitments to quality standards and corporate
responsibility.
“We are incredibly proud to be working with NIKE, as this is an
opportunity for two great companies to build on each other’s
strengths, making it a win-win for everyone, especially consumers,”
said PVH’s Cheryl Abel-Hodges, President of Calvin Klein North
America and The Underwear Group.
With the addition of NIKE men’s underwear, The Underwear Group
will expand its strong portfolio which includes CALVIN KLEIN, TOMMY
HILFIGER, Olga, Warner’s and True & Co.
About PVH Corp.
PVH sets the standard of style as one of the most admired
fashion and lifestyle company in the world. We power brands that
drive fashion forward – for good. Our iconic portfolio includes
TOMMY HILFIGER, CALVIN KLEIN, Van Heusen, IZOD, ARROW, Speedo*,
Warner’s, Olga and Geoffrey Beene brands, as well as the
digital-centric True & Co. intimates brand. We market a variety
of goods under these and other nationally and internationally known
owned and licensed brands. PVH has over 38,000 associates operating
in over 40 countries and nearly $9.7 billion in annual revenues.
That’s the power of PVH.
*The Speedo brand is licensed for North America and the
Caribbean in perpetuity from Speedo International Limited.
Follow PVH on Social
Media: LinkedIn, Facebook, Instagram, YouTube and Twitter,
and visit PVH.com for more information about the
Company.
SAFE HARBOR STATEMENT OF PVH CORP. UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995: Forward-looking statements made in
this press release, including, without limitation, statements
relating to PVH Corp.’s future plans, strategies, objectives,
expectations and intentions, are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot
be predicted with accuracy, and some of which might not be
anticipated, including, without limitation: (i) the Company's
plans, strategies, objectives, expectations and intentions are
subject to change at any time at the discretion of the Company;
(ii) the levels of sales of the Company's products at wholesale and
retail, and the extent of discounts and promotional pricing in
which the Company is required to engage, all of which can be
affected by weather conditions, changes in the economy, fuel
prices, reductions in travel, fashion trends, consolidations,
repositionings and bankruptcies in the retail industries, and other
factors; (iii) civil conflict, war or terrorist acts, the threat of
any of the foregoing, or political and labor instability in any of
the countries where the Company's products are sold, produced or
are planned to be sold or produced; (iv) disease epidemics and
health related concerns, which could result in closed factories,
reduced workforces, scarcity of raw materials and scrutiny or
embargoing of goods produced in infected areas, as well as reduced
consumer traffic and purchasing, as consumers become ill or limit
or cease shopping in order to avoid exposure; (v) the failure of
Nike or its other licensees to preserve the value and reputation of
the Nike brand, or their misuse of the Nike brand; and (vi) other
risks and uncertainties indicated from time to time in the
Company's filings with the Securities and Exchange Commission.
The Company does not undertake any obligation to update publicly
any forward-looking statement, whether as a result of the receipt
of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190430005610/en/
PVH Corp.Dana PerlmanTreasurer, Senior Vice President, Business
Development and Investor Relations(212)
381-3502investorrelations@pvh.comPVH Corp.Samantha CritchellSenior
Editorial Director212-381-3566 (o)917-587-0568
(m)pvhcomm@pvh.com
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