PVH, Gazal Announce Australian JV for Operation of Calvin Klein Businesses in Australia

by Benzinga Staff
October 3, 2013 8:38 PM | 1 min read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

See full press release

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Posted In: NewsGuidanceContractsAsset SalesManagementM&AGlobal

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.