Market Overview

PVH Corp. and G-III Apparel Group, Ltd. Announce License Agreement for Calvin Klein Jeans Women's Jeanswear Collections in U.S. and Canada


PVH Corp. (NYSE:PVH) and G-III Apparel Group, Ltd. (NASDAQ:GIII)
announced today that PVH's Calvin Klein, Inc. ("CKI") subsidiary and
G-III have entered into a license agreement with an initial term of five
years for the design, production and distribution of Calvin Klein
women's jeanswear collections in the United States and Canada.
This business is in addition to the other women's Calvin Klein
businesses that are already licensed to G-III by CKI.

The arrangement will support PVH's strategy to build a successful
women's jeanswear business in North America by leveraging G-III's
category and market expertise. The launch of G-III's first women's Calvin
Klein Jeans
collection is expected for the spring 2020 season.

Emanuel Chirico, Chairman and Chief Executive Officer, PVH Corp.
commented "G-III has been a great partner for us over the years and has
successfully grown the Calvin Klein womenswear business to be a
leading resource across the North American apparel market. We look
forward to our expanded partnership with G-III, as this represents
another great opportunity to leverage their market expertise to drive
the continued expansion of the Calvin Klein women's apparel

Morris Goldfarb, Chairman, Chief Executive Officer, G-III Apparel Group,
Ltd. commented, "We have an incredible relationship with PVH and the
Calvin Klein team. They have done an outstanding job managing and
marketing the Calvin Klein brand and we look forward to further
developing this iconic global brand and building a profitable women's
business for Calvin Klein Jeans in the U.S. and Canada."

About Calvin Klein Inc.:

CALVIN KLEIN is a global lifestyle brand that exemplifies bold,
progressive ideals and a seductive aesthetic. We seek to thrill and
inspire our audience while using provocative imagery and striking
designs to ignite the senses.

Founded in 1968 by Calvin Klein and his business partner Barry Schwartz,
we have built our reputation as a leader in American fashion through our
clean aesthetic and innovative designs. Global retail sales of CALVIN
brand products exceeded $9 billion in 2018 and were
distributed in over 110 countries. Calvin Klein employs over 11,500
associates globally. We were acquired by PVH Corp. in 2003.

About PVH:

PVH is one of the most admired fashion and lifestyle companies in the
world. We power brands that drive fashion forward – for good. Our brand
portfolio includes the iconic CALVIN
IZODARROWSpeedo*, Warner'sOlga
and Geoffrey Beene brands, as well as the digital-centric True
& Co.
 intimates brand. We market a variety of goods under
these and other nationally and internationally known owned and licensed
brands. PVH has over 38,000 associates operating in over 40 countries
and $9.7 billion in annual revenues.

*The Speedo brand is licensed for North America and
the Caribbean in perpetuity from Speedo International Limited.

About G-III Apparel Group, Ltd.:

G-III designs, sources and markets apparel and accessories under owned,
licensed and private label brands. G-III's owned brands include DKNY,
Donna Karan, Vilebrequin, G. H. Bass, Andrew Marc, Marc New York, Eliza
J and Jessica Howard. G-III has fashion licenses under the Calvin Klein,
Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?,
Vince Camuto, Levi's and Dockers brands. Through its team sports
business, G-III has licenses with the National Football League, National
Basketball Association, Major League Baseball, National Hockey League,
and over 150 U.S. colleges and universities. G-III also operates retail
stores under the DKNY, Wilsons Leather, G. H. Bass, Vilebrequin, Karl
Lagerfeld Paris and Calvin Klein Performance names.

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: (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 become ill or limit or cease shopping in order to avoid
exposure; (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.

business outlook or future economic performance, anticipated revenues,
expenses or other financial items; product introductions and plans and
objectives related thereto; and statements concerning assumptions made
or expectations as to any future events, conditions, performance or
other matters are "forward-looking statements" as that term is defined
under the Federal Securities laws. Forward-looking statements are
subject to risks, uncertainties and factors which include, but are not
limited to, reliance on licensed product, reliance on foreign
manufacturers, risks of doing business abroad, the current economic and
credit environment, the nature of the apparel industry, including
changing customer demand and tastes, customer concentration,
seasonality, risks of operating a retail business, customer acceptance
of new products, the impact of competitive products and pricing,
dependence on existing management, possible disruption from
acquisitions, risks relating to G-III's operations of Donna Karan
International Inc., the impact on our business of the imposition of
tariffs by the United States government and business and general
economic conditions, as well as other risks detailed in G-III's filings
with the Securities and Exchange Commission. G-III assumes no obligation
to update the information in this release.

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