The Warnaco Group, Inc. announced agreements with Swimwear Anywhere, Inc. (the former licensee of Calvin Klein women's swimwear in North America) and Calvin Klein, Inc., a wholly owned subsidiary of Phillips-Van Heusen Corporation, to accelerate the company's launch of Calvin Klein women's swimwear in North America. Under its existing agreement with Calvin Klein, Inc., Warnaco was not expected to market this collection in North America until Cruise 2008.
Warnaco will present its initial collection at the Miami International Swim Show in July 2005, for delivery during the upcoming Cruise 2006 season.
Roger Williams, president of Warnaco's Swimwear Group, said, “We look forward to our introduction of Calvin Klein women's swimwear in North America. We now hold the exclusive worldwide rights to distribute Calvin Klein women's swimwear. Adding the signature Calvin Klein brand to the Swimwear Group's industry leading portfolio of brands will further increase the scale and broaden the reach of this operating segment.”
“We are pleased with the swift acceleration of the launch of the women's global swimwear license with Warnaco. We anticipate important potential synergies to be created by consolidating this business within Warnaco's Swimwear Group,” said Tom Murry, president and chief operating officer, Calvin Klein, Inc.
