PVH Corp.'s (PVH) Calvin Klein to Reacquire ck Calvin Klein Licenses from Warnaco (WRC)
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Price: $78.50 +3.17%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +22.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +22.2%
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PVH Corp. (NYSE: PVH) announced that its Calvin Klein, Inc. subsidiary was exercising its rights to reacquire the existing license agreements held by Warnaco (NYSE: WRC) for the distribution and sale of ck Calvin Klein apparel and accessories and the operation of retail stores in Europe, effective in 2013. To support this development, PVH International, a division of PVH, which also manages the Tommy Hilfiger brand globally, will establish a dedicated team to operate the ck Calvin Klein apparel and accessories businesses in Europe.
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