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Calvin Klein, Inc. Announces Launch of Calvin Klein Home Furniture Lines

NEW YORK-(Business Wire)-October 2, 2008 - Calvin Klein, Inc., a wholly owned subsidiary of Phillips-Van Heusen Corporation [NYSE: PVH], today announced that the Calvin Klein Home division will introduce two designer furniture lines this spring – ‘Calvin Klein’ and ‘The curator collection by Calvin Klein Home.’

Slated to launch domestically in January 2009, the latest additions to the Calvin Klein Home line will consist of modern, timeless pieces in keeping with the Calvin Klein brand aesthetic. The hallmark of both furniture assortments will be a combination of stylish pieces finely crafted of the highest quality materials, finishings, and hardware. The initial offering includes furnishings for the living room, dining room, and bedroom, including sofas, chairs, dining tables, coffee and side tables, beds, mirrors, and book cases. All of the designs will be unique to Calvin Klein Home, and will embody the modern design aesthetic for which the brand is known. The launch will be supported by a national advertising campaign with placements in strategic shelter, lifestyle, and fashion publications, such as Elle Décor, Metropolitan Home, O at Home, Vanity Fair, InStyle, Wallpaper, Domino, and New York Times Magazine, among others.

All designs have been conceptualized and executed by an in-house team led by Calvin Klein Home’s Creative Director, Amy Mellen. The manufacture, production, sales, and distribution of both lines will be executed by our experienced licensing partners, Alexandre International and Shayne Industries.

Both lines take inspiration from the Calvin Klein apparel and accessory lines, as evidenced in the textures, materials, and hardware. Surfaces are elegant in travertine, parchment, marble, smoked glass, brushed stainless steel, and gold leaf, in unique combinations of matte and high gloss finishes.

The ‘Calvin Klein’ furniture line will be available exclusively at select Macy’s nationwide beginning this January. This line is eclectically merchandised into three key groups inspired by their ultimate use – City, Weekend, and Destination. Each group is delineated by a specific singular wood finish: walnut, whitewash, and teak, respectively. Items in the ‘Calvin Klein’ furniture line at Macy’s will range in price from $850 for a glass end-table to $2,600 for a canopy bed.

‘The curator collection by Calvin Klein Home’ is a more elaborately detailed offering consisting of approximately 65 skus constructed with expert workmanship. Sculptural and sophisticated, ‘the curator collection’ is highly polished, with hand-rubbed, dark walnut-finished and ebonized-finished pieces, accented with leather details and bronze hardware. Some of the multi-functional pieces include a tall chest of drawers with valet doors, a parchment-front dresser, and an elegant, hand-rubbed walnut day bed with all-natural linen upholstered cushion and pillows. ‘The curator collection’ is planned to be available at fine furniture retailers nationwide and range from $1,100 for a cocktail table to $5,000 for a walnut sleigh bed with hand-applied gold leaf. Beginning October 20^th, 'the curator collection' will be shown exclusively at High Point market on a dedicated floor within the Commerce & Design building, by invitation only.

Additionally, it is planned that 'the curator collection' will be complemented by a unique line of decorative pillows designed to specifically complement the collection.

"Strategically, the addition of furniture is very significant for us as it further extends the Calvin Klein Home lifestyle product offering," said Tom Murry, President & Chief Executive Officer, Calvin Klein, Inc. “I believe our team has done a great job creating collections that are true to the Calvin Klein brand DNA while at the same time incorporating elements that exude warmth and comfort to appeal to a wide consumer base.”

“We believe that Calvin Klein furniture will bring a fresh and modern approach to the current marketplace and serve to enhance the overall Calvin Klein Home presentation at retail,” said A.J. Menozzi, Chief Executive Officer, Calvin Klein Home Furniture and The Next Market, who oversee operations for the new furniture lines. ”Speaking on behalf both licensing partners, we are privileged to work with Calvin Klein, Inc., on the development of these exciting new product lines and look forward to growing this business.”

Calvin Klein Home, established in 1995, currently markets licensed products around the world spanning bed and bath, tabletop and gifts, glassware, table linens, rugs, and down.

Calvin Klein, Inc. is one of the leading fashion design and marketing studios in the world. It designs and markets women’s and men’s designer collection apparel and a range of other products that are manufactured and marketed through an extensive network of licensing agreements and other arrangements worldwide. Brands/lifestyles include Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Calvin Klein Jeans, and Calvin Klein Underwear. Product lines under the various Calvin Klein brands include apparel, accessories, shoes, sleepwear, hosiery, socks, swimwear, belts, eyewear, watches, jewelry, coats, suits and fragrances, as well as products for the home.

Phillips-Van Heusen Corporation is one of the world's largest apparel companies. It owns and markets the Calvin Klein brand 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, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, BCBG Max Azria, BCBG Attitude, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, Tommy Hilfiger, DKNY and Timberland.

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