The story
Founded by Barry K. Schwartz and Calvin Klein in 1968, in New York City.1
History
The early years
Calvin Klein was one of several design leaders raised in the Jewish community in the Bronx, along with Robert Denning and Ralph Lauren. He became a protégé of Baron de Gunzburg.
In 1968, Klein founded Calvin Klein Limited, a coat shop in the York Hotel in New York City, with $10,000. The first Calvin Klein collection was a line of "youthful, understated coats and dresses" featured at the New York City store Bonwit Teller.
In September 1969, Klein appeared on the cover of Vogue magazine.
1970s
In 1973, Klein received his first Coty American Fashion Critics' Award for his 74-piece womenswear collection – the youngest recipient at that time. He won the award again in 1974 and 1975. By 1977, annual revenues had increased to $30 million (equivalent to $159 million in 2025), and Klein had licenses for scarves, shoes, belts, furs, sunglasses, and bedsheets. Klein and Schwartz were making $4 million each. After the company signed licenses for cosmetics, jeans, and menswear, Klein's annual retail volume was estimated at $100 million (equivalent to $531 million in 2025). By 1981, Fortune figured Klein's annual income at $8.5 million. In the mid-1970s, he had created a designer-jeans craze by putting his name on the back pocket. Klein's design assistant at the time, Jeffrey Banks, has claimed credit for the logo garments, stating that he had the logo from a press folder silkscreened onto the sleeve of a brown T-shirt as a present for Klein. The gift was assumed by Schwartz to be part of the upcoming line, and similar logo shirts formed the uniform for the front-of-house staff at Klein's next catwalk show, leading to buyer demand.
1980s
The American market of men's underwear was changed – from one where most men's underwear was white, purchased in packs of three by a "wife, mother or girlfriend when they needed to be" to one where "the American male [cares] about the brand of something few ever see".
1990s
Although the company struggled financially in the early 1990s, Calvin Klein managed to regain and increase profitability throughout the later 1990s, mainly through the success of his underwear and fragrance lines, as well as the ck sportswear line. During his 1990–1995 stint as Calvin Klein's head of menswear design, John Varvatos pioneered a type of men's underwear called boxer briefs, a hybrid of boxer shorts and briefs. Made famous by a series of 1992 print ads featuring Mark Wahlberg, they have been called "one of the greatest apparel revolutions of the century."
2002–present: Acquisition by Phillips van Heusen
In mid-December 2002, Calvin Klein Inc. (CKI) was sold to Phillips Van Heusen Corp (PVH), whose then CEO Bruce Klatsky was the driving force behind the deal, for about $400 million in cash, $30 million in stock as well as licensing rights and royalties linked to revenues over the following 15 years that were estimated at $200 to $300 million.
PVH outbid VF Corp., the maker of Lee and Wrangler jeans, which had also been interested in the jeans, underwear and swimwear business of CK that had been controlled by Warnaco Group, maker of Speedo swimwear in the US, since 1997. The deal with PVH did not include these businesses, and they remained with Warnaco. Unable to pay debts from acquisitions and licensing agreements and due to bad publicity by a later dismissed lawsuit with Calvin Klein over selling license products to retailers other than agreed upon with Calvin Klein, Warnaco had filed for chapter 11 protection in mid-2001 but eventually emerged from bankruptcy in February 2003.
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The transaction between Calvin Klein and PVH was financially supported by Apax Partners Inc., a New York private equity firm, which is said to have made a $250 million equity investment in PVH convertible preferred stock, as well as a $125 million, two-year secured note, all in exchange for seats on the board of PVH.
Upon the acquisition of Calvin Klein, Phillips-Van Heusen announced plans of launching a new men's sportswear collection that rivals Ralph Lauren's collection. This line is produced by Van Heusen.
In a 2010 report, PVH, which manages the ready-to-wear activities, had estimated sales of over $5 billion for Calvin Klein products.
In February 2013, Warnaco Group was acquired by PVH for US$2.8 billion, which united Calvin Klein formal, underwear, jeans and sportswear lines.
In 2020, PVH announced that as part of their animal welfare policy, the company does not use exotic skins and would be banning their use in Calvin Klein collections when "our annual update of that policy is released."
Product and brand history
The most visible brand names in the Calvin Klein portfolio include:
Calvin Klein Collection (black label, upscale top-end designer line, renamed to "Calvin Klein 205W39NYC" in 2017, discontinued in 2019, revived in 2025)
Ck Calvin Klein (grey label, recently repositioned as bridge collection line; licensed to Warnaco Group, Inc. through at least 2044. PVH acquired Warnaco Group in February 2013)
Calvin Klein (white label, basic fashion better sportswear line)
Calvin Klein Sport (sports version of the white label line for Macy's)
Calvin Klein Jeans (denimwear line; licensed to Warnaco Group through at least 2044. PVH acquired Warnaco Group in February 2013)
Calvin Klein Home (high-end bedding, towels, bath rugs and accessory collections)
The Khaki Collection (youthful medium to high-end bedding, towels, bath rugs and accessories) discontinued in 2008
Calvin Klein Golf (launched in late 2007)
Calvin Klein Underwear (underwear collections; licensed to Warnaco Group through at least 2044. PVH acquired Warnaco Group in February 2013)
CK one Lifestyle brand (fragrance, underwear, jeans—launched 2011)
Calvin Klein Watches + Jewelry (watches launched in 1997, jewelry in 2004)
For details, see Current brands and licenses.
Fragrances
Calvin Klein has various lines of perfumes and colognes, including Obsession, CK Be, and Eternity. Until May 2005, their perfumes and the corresponding fragrance lines were maintained by Calvin Klein Cosmetics Company (CKCC), a Unilever company. Cosmetics giant Coty, Inc. of New York bought the fragrance licensing agreements from Unilever.
Branding
Like other fashion brands, Calvin Klein established a monogram: the "ck" emblem.
Licensees
As of 2012, the top three licensees were:
Warnaco Group – 40% of license royalties, which is "around $100 million"
Coty – 12% of license royalties
G-III Apparel Group – 14% of license royalties
From Wikipedia’s article on Calvin Klein (fashion house), shared under CC BY-SA 4.0.4
