PVH Corp. (NYSE:PVH), through certain subsidiaries, has licensed Vandale Industries, Inc., to design, produce and market women’s shapewear, sleepwear, loungewear, robes, sports bras, and other specified athletic wear for the U.S. and Canadian markets under the Warner’s (including the sub-labels Simply Perfect by Warner’s, Blissful Benefits by Warner’s, and Body Heaven by Warner’s) and Olga brands. The initial term of the license agreement runs through 2017. Deliveries of these new product categories are scheduled to begin in February 2015 for the Spring 2015 season.
“As we begin to rollout a licensing program for our Warner’s and Olga’s brands, shapewear, sleepwear, loungewear, robes and sports bras seem to be natural extensions of the existing business. We believe Vandale is the right partner to introduce these new categories in the U.S. and Canada,” said Ken Wyse, President of Licensing for PVH Corp.
Maurice Setton, President of Vandale, commented, “ Warner’s and Olga have been household brands for decades, and their recognizable names, outstanding products and admirable reputations will be a great asset to the launch of these new product categories. Our designers have put together collections that are functional as well as innovative, traditional yet fashion forward, comfortable and of great quality and at a great price. ”
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, 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, DKNY, Ike Behar and John Varvatos. About VANDALE INDUSTRIES, INC. Vandale Industries, Inc. is one of the premier importers of women’s intimate apparel. Its products in daywear, sleepwear, shape wear and activewear can be found in department and specialty stores across the USA and Canada. Vandale distributes product under its own private brands, as well as its licensed brands, which include IZOD, Jessica Simpson, Rampage, Dollhouse, and Hard Candy. 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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