PVH Corp. has licensed American Essentials Inc. and its parent company McGregor Industries Inc. to market and distribute mens, womens and childrens hosiery and legwear under the IZOD brand. The initial term of the license agreement runs through 2017 and provides for a three-year renewal at PVHs option.
Under the license, McGregor Industries will produce dress, casual, and sport hosiery and legwear for men, women, and children. The product will be distributed by American Essentials and McGregor Industries at major department and specialty stores throughout the United States, Canada and Mexico.
As we continue to expand our IZOD product offering, we believe American Essentials and McGregor Industries are the right partners to introduce our new hosiery and legwear line in North America, said Ken Wyse, President of Licensing for PVH Corp.
We think this is a wonderful opportunity to continue to grow our partnership with PVH Corp., said Jordan Lipson, President and CEO, American Essentials Inc. IZOD is an iconic All-American brand with a long heritage and we are thrilled to bring an exciting new line of IZOD socks and legwear to the marketplace.
