PVH Corp. Announces License Agreement with American Essentials for Hosiery and Legwear for IZOD Brand

  PVH Corp. Announces License Agreement with American Essentials for Hosiery
  and Legwear for IZOD Brand

Business Wire

NEW YORK -- January 17, 2013

PVH Corp. (NYSE: PVH) has licensed American Essentials Inc. and its parent
company McGregor Industries Inc. to market and distribute men’s, women’s and
children’s 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
PVH’s 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.”

About PVH Corp.

PVH Corp., one of the world’s largest apparel companies, owns and markets the
iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s
largest shirt and neckwear company and markets a variety of goods under its
own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and
G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth
Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps,
Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and
John Varvatos.

About American Essentials

American Essentials Inc., awholly own subsidiary of McGregor Industries Inc.,
is a global leader in thebetter socks and legwear category with distribution
in over 65 countries. The company designs and markets a wide variety of socks
and legwear under its own McGregor and American Essentials brands. American
Essentials licenses prestigious brands including Calvin Klein Collection, ck
Calvin Klein, Calvin Klein, Tommy Hilfiger, IZOD, Reebok and Chaps.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: Forward-looking statements made in this press release, including,
without limitation, statements relating to PVH Corp.’s future plans,
strategies, objectives, expectations and intentions, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that such forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot be
predicted with accuracy, and some of which might not be anticipated,
including, without limitation, the following: (i) the Company's plans,
strategies, objectives, expectations and intentions are subject to change at
any time at the discretion of the Company; (ii) the levels of sales of the
Company's licensees at wholesale and retail, and the extent of discounts and
promotional pricing in which the Company's licensees and other business
partners are required to engage, all of which can be affected by weather
conditions, changes in the economy, fuel prices, reductions in travel, fashion
trends, consolidations, repositionings and bankruptcies in the retail
industries, and other factors; (iii) civil conflict, war or terrorist acts,
the threat of any of the foregoing, or political and labor instability in any
of the countries where the Company's licensees' or other business partners'
products are sold, produced or are planned to be sold or produced; (iv)
disease epidemics and health related concerns, which could result in closed
factories, reduced workforces, scarcity of raw materials and scrutiny or
embargoing of goods produced in infected areas, as well as reduced consumer
traffic and purchasing, as consumers limit or cease shopping in order to avoid
exposure or become ill; (v) the failure of the Company's licensees to market
successfully licensed products or to preserve the value of the Company's
brands, or their misuse of the Company's brands and (vi) other risks and
uncertainties indicated from time to time in the Company's filings with the
Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any
forward-looking statement, whether as a result of the receipt of new
information, future events or otherwise.

Contact:

PVH Corp.
Investors:
Dana Perlman, 212-381-3502
Treasurer, SVP - Business Development and Investor Relations
or
Licensing:
Ken Wyse, 212-381-3628
President, Licensing
or
Media:
Jason Colin, 212-381-3937
Director of Communications
 
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