PVH Corp. entered into a licensing agreement with Nike Inc. for the design, sourcing, marketing and worldwide distribution of Nike-branded men’s underwear.

“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 portfolio which includes Calvin Klein, Tommy Hilfiger Olga, Warner’s and True & Co.

PVH Corp.’s brands include Calvin Klein, Tommy Hilfiger Van Heusen, Speedo, Warner’s and Izod.