PVH Corp. Announces License Agreement with Accutime Watch Corp. for Van Heusen Men's and Boys' Watches in the U.S. & Canada

PVH Corp.

and Accutime Watch Corp. have entered into a new license agreement under which Accutime Watch Corp. will manufacture, sell, distribute and promote men's and boys' watches for the Van Heusen brand. Products will be sold throughout the U.S. and Canada, primarily in leading department stores, specialty stores and national chains. The initial term of the license agreement runs through December 2016. "We are excited to add men's and boys' watches to the Van Heusen portfolio of products. We believe that watches are a natural extension of the Van Heusen brand, given the brand's foundation within dress furnishings and sportswear separates," said Ken Wyse, President of Licensing for PVH Corp. "Accutime has deep experience in the watch industry and a reputation for delivering superior quality products at competitive prices across all channels of distribution." "We believe that there is a void in the marketplace for a classic dress watch collection that combines elegance and updated fashion. Our Van Heusen collection uses details in the case, dial and bands that make this collection one the consumer will be proud to wear," said Harold Kirshner, Senior Vice President of Marketing and Licensing for Accutime Watch Corp.