PVH Corp. (NYSE: PVH) has entered into a license agreement with Five Star Blue, LLC to market and distribute men’s denim under the IZOD brand. The initial term of the agreement runs through 2018.
Under the agreement, Five Star Blue will produce and distribute men’s denim pants and shorts in regular and big & tall sizes. The products will be sold at major department and specialty stores throughout the United States, Canada and Mexico.
“The new denim line is a natural extension for the IZOD brand lifestyle,” said Ken Wyse, President of Licensing for PVH Corp. “We welcome Five Star Blue onto our team of IZOD licensees, and believe it is the best company to help us establish the IZOD brand in this product classification.”
“Five Star Blue is thrilled to become the latest member of the IZOD team,” said Albert Pardo, Executive Vice President of Five Star Blue. “As manufacturers of over 10 million pairs of jeans annually, we are excited to be partnering with PVH and the IZOD brand to add a new dimension to the existing range of IZOD sportswear available to the consumer. IZOD is already an iconic American brand and adding denim to the mix is a natural next step to round out its already impressive sportswear offering.”About PVH Corp. PVH Corp., one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the 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, Bass and G.H. Bass & Co., Warner’s and Olga, and its licensed brands, including 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. About Five Star Apparel Five Star Apparel is a leading men’s and children’s apparel company specializing in denim and sportswear manufacturing. Product classifications range from boutique layette baby wear, to men’s streetwear, activewear, big and tall products and childrenswear. Headquartered in New York City, Five Star Apparel’s licensed brands include Hudson Kids, WESC, Company 81, Wendy Bellisimo, Vigoss Girls, Akademiks, Enyce and NBA-licensed Zipway activewear. With a global production base spanning over 12 countries, Five Star Apparel is well equipped to source and manufacture this all-encompassing product range. For more information, please call 212-563-4999. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES 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, the following: (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 limit or cease shopping in order to avoid exposure or become ill; (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.
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