PVH, Gazal Announce Australian JV for Operation of Calvin Klein Businesses in Australia
PVH Corp. (NYSE: PVH) and Gazal Corporation Limited announced today that they have formed a
joint venture, PVH Brands Australia Pty. Limited, which will license
from Calvin Klein, Inc., a wholly owned subsidiary of PVH, the rights to
operate, manage and distribute Calvin Klein brand products in
Australia, New Zealand and other island nations in the South Pacific.
The license term is 20 years.
Currently, the principal distribution in the region consists of a
wholesale and retail Calvin Klein Underwear distribution business
operated by Gazal, with product supplied through a wholly owned
subsidiary of PVH, and a wholesale and