Calvin Klein Parent PVH Inks Deal To Launch Home Collections

PVH Corp's PVH wholly-owned subsidiary Calvin Klein, Inc. penned a licensing deal with Revman for designing, manufacturing, and distributing home accessories across the U.S., Canada, and Mexico.

The company plans to launch new Calvin Klein home collections at the New York Home Textiles Market week this month, with the agreement's initial term being through 2028.

"We look forward to partnering with Revman to bring our premium Calvin Klein home essentials to an even broader consumer market. Their robust supplier network and proven omnichannel strategy will allow us to strengthen the presence of the Calvin Klein brand in the home category through an expanded offering both online and in store," said Karina Spar, PVH's Executive Vice President of Licensing.

PVH's expects to introduce first Calvin Klein home collection in Spring 2024 and is expected to be distributed through all major levels of retail distribution in the U.S. and retailers in Canada and Mexico. 

In August, PVH reported Q2 FY23 sales growth of 4% year-on-year to $2.21 billion, beating the analyst consensus of $2.19 billion, and adjusted EPS of $1.98, beating the analyst consensus of $1.75.

The company held $372.8 million in cash and equivalents as of July 30, 2023. 

Price Action: PVH shares closed lower by 0.28% at $79.67 on Thursday.