PVH Corp. Announces Denim License Agreement with Five Star Blue for the IZOD
NEW YORK -- March 20, 2013
PVH Corp. (NYSE: PVH) has entered into a license agreement with Five Star
Blue, LLC to market and distribute men’s denim under the IZOD brand. The
initial term of the agreement runs through 2018.
Under the agreement, Five Star Blue will produce and distribute men’s denim
pants and shorts in regular and big & tall sizes. The products will be sold at
major department and specialty stores throughout the United States, Canada and
“The new denim line is a natural extension for the IZOD brand lifestyle,” said
Ken Wyse, President of Licensing for PVH Corp. “We welcome Five Star Blue onto
our team of IZOD licensees, and believe it is the best company to help us
establish the IZOD brand in this product classification.”
“Five Star Blue is thrilled to become the latest member of the IZOD team,”
said Albert Pardo, Executive Vice President of Five Star Blue.“As
manufacturers of over 10 million pairs of jeans annually, we are excited to be
partnering with PVH and the IZOD brand to add a new dimension to the existing
range of IZOD sportswear available to the consumer.IZOD is already an iconic
American brand and adding denim to the mix is a natural next step to round out
its already impressive sportswear offering.”
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., Warner’s and Olga, and its licensed brands, including Speedo,
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 Five Star Apparel
Five Star Apparel is a leading men’s and children’s apparel company
specializing in denim and sportswear manufacturing. Product classifications
range from boutique layette baby wear, to men’s streetwear, activewear, big
and tall products and childrenswear. Headquartered in New York City, Five Star
Apparel’s licensed brands include Hudson Kids, WESC, Company 81, Wendy
Bellisimo, Vigoss Girls, Akademiks, Enyce and NBA-licensed Zipway activewear.
With a global production base spanning over 12 countries, Five Star Apparel is
well equipped to source and manufacture this all-encompassing product range.
For more information, please call 212-563-4999.
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.
Dana Perlman, 212-381-3502
Treasurer, SVP - Business Development and Investor Relations
Ken Wyse, 212-381-3628
Jason Colin, 212-381-3937
Director of Communications
Press spacebar to pause and continue. Press esc to stop.