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PVH and G-III sign license agreement for Calvin Klein Jeans

Tonya Garcia

PVH Corp.'s Calvin Klein brand and G-III Apparel Group Ltd. said Monday that they have signed a five-year licensing agreement to produce and distribute the Calvin Klein Jeans brand in the U.S. and Canada. G-III already licenses Calvin Klein's women's business. The launch of the first women's Calvin Klein Jeans collection will be in spring 2020. Other PVH brands include Tommy Hilfiger and Speedo. PVH stock is down 8.4% for the year to date, G-III stock is down 7.7% and the S&P 500 index is up nearly 10% for 2019 so far.