Introduction
Calvin Klein Inc. is an American fashion house established in 1968. It specializes in leather, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear. The company has substantial market share in retail and commercial lines as well haute couture garments. The company was founded by designer Calvin Klein and his childhood friend, Barry K. Schwartz. The company is headquartered in Midtown Manhattan, New York City.
In 2002, the company was sold to PVH (now also owner of Tommy Hilfiger, IZOD, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene) for about $400 million in cash, $30 million in stock as well as licensing rights and royalties estimated at $300 million. Turnover of the brand is now 3.67 billion U.S. dollarsworldwide.
His personal net worth is$700 Million.
