Arvind will now be the Indian partner for US-based Phillips-Van Heusen Corporation (PVH), which globally owns Calvin Klein trademarks, for selling Calvin Klein jeans, apparel and accessories and underwear products in the country.
Arvind has bought out stakes jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in Premium Garments Wholesale Trading Pvt Ltd -- the licensee of Calvin Klein trademarks in India.
Commenting on the development Calvin Klein Inc Chief Executive Officer Tom Murry said: "By having Arvind, we believe we are well-positioned to execute against and expand upon the growth strategy for the Calvin Klein brand in India."
Arvind Ltd Chairman & Managing Director Sanjay Lalbhai said: "This relationship also strengthens our 20 years association with PVH, which started with the ARROW license and since has been extended to our joint venture with PVH for the Tommy Hilfiger business and the licence for IZOD".
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PVH Corp is one of the largest apparel companies of the world and owns and markets Calvin Klein and Tommy Hilfiger brands worldwide.
It is also world's largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Warner's and Olga.
Its licensed brands, include Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos.