who-owns-calvin-klein

Who owns Calvin Klein?

Business / By / October 1, 2023

Calvin Klein is owned by PVH Corp., which acquired it in 2002 for $400 million in cash and $30 million in stock and warrants. PVH is primarily owned by institutional investors like FMR (Fidelity) with 15.2% of the company, PZENA with 11.5%, The Vanguard Group with 11.5%, BlackRock with 6.6%, and Wellington Management Group with 5.8%. PVH also owns other iconic fashion brands like Tommy Hilfiger. Calvin Klein generated $3.78 billion in revenue in 2022.

Calvin KleinPVH Corp.
Ownership:Ownership:
Owned by PVH Corp.Owned by institutional investors
Acquired by PVH Corp. in 2002 for $400 million (cash) and $30 million (stock and warrants)PVH Corp. owns Calvin Klein and other major fashion brands
Major Institutional Investors in PVH:Financial Performance:
FMR (Fidelity): 15.2% stakeCalvin Klein generated $3.78 billion in revenue in 2022
PZENA: 11.5% stakePVH Corp. is a leading global apparel company
The Vanguard Group: 11.5% stake
BlackRock: 6.6% stake
Wellington Management Group: 5.8% stake
Business Model:Influence of Institutional Investors:
Calvin Klein operates as a global fashion brand, offering clothing, accessories, fragrances, and more.Institutional investors significantly influence PVH’s strategic decisions and direction.
Known for its modern, minimalist designs and iconic marketing campaigns.
Organizational Structure:Continued Growth:
Calvin Klein is part of PVH Corp.’s brand portfolio, with its own design and creative teams.Backed by PVH Corp. and its investors, Calvin Klein maintains growth and innovation.
Collaborative efforts within PVH Corp.’s corporate structure.Calvin Klein continues to be an iconic and innovative brand in the fashion industry.
Distribution Strategy:
Calvin Klein follows a multi-channel distribution strategy, with a presence in retail stores, e-commerce, and wholesale partnerships.
The brand operates its own retail stores and online store, reaching a global customer base.
Partnerships with department stores and other retailers expand its reach.

Calvin Klein: Ownership and Investors

Calvin Klein, a globally recognized fashion brand, is currently owned by PVH Corp., a leading apparel company that acquired it in 2002. The ownership and support from institutional investors have been instrumental in Calvin Klein’s success and expansion within the fashion industry.

PVH Corp.

PVH Corp. is the parent company of Calvin Klein and several other prominent fashion brands. PVH acquired Calvin Klein in 2002 for $400 million in cash and $30 million in stock and warrants. This strategic acquisition expanded PVH’s brand portfolio and solidified its position as a major player in the fashion market.

Institutional Investors

PVH is primarily owned by institutional investors who hold significant stakes in the company, influencing its growth and strategic decisions. Some of the major institutional investors in PVH include:

  • FMR (Fidelity): Fidelity, a leading investment management company, owns a substantial 15.2% ownership stake in PVH.
  • PZENA: PZENA, another prominent institutional investor, holds an 11.5% ownership stake in PVH.
  • The Vanguard Group: As one of the largest investment management companies globally, The Vanguard Group also holds an 11.5% ownership stake in PVH.
  • BlackRock: BlackRock, a renowned asset management company, owns 6.6% of PVH’s shares.
  • Wellington Management Group: Wellington Management Group holds a 5.8% ownership stake in PVH.

These institutional investors contribute to PVH’s financial stability and play a significant role in shaping the company’s long-term strategies.

Revenue and Performance

Under the ownership of PVH, Calvin Klein has experienced continued success and growth. In 2022, Calvin Klein generated $3.78 billion in revenue, a testament to the brand’s enduring popularity and strong market presence.

As part of PVH’s diverse brand portfolio, Calvin Klein continues to be a leading fashion brand, known for its modern, minimalist designs and iconic marketing campaigns. The resources and support provided by PVH and its institutional investors have enabled Calvin Klein to maintain its status as a fashion industry icon.

Key Highlights: Calvin Klein’s Ownership and Financial Performance

  • Ownership: Calvin Klein is a part of the PVH Corp. portfolio, which also includes other prominent fashion brands like Tommy Hilfiger.
  • Acquisition: PVH Corp. acquired Calvin Klein in 2002 for a deal comprising $400 million in cash and an additional $30 million in stock and warrants.
  • Major Institutional Investors of PVH:
    • FMR (Fidelity): Holds a 15.2% stake.
    • PZENA: Owns an 11.5% stake.
    • The Vanguard Group: Holds an 11.5% stake.
    • BlackRock: Owns 6.6% of the shares.
    • Wellington Management Group: Holds a 5.8% stake.
  • Revenue: In 2022, Calvin Klein generated a revenue of $3.78 billion.
  • Brand Significance: Calvin Klein is recognized for its modern, minimalist designs and has been iconic in the fashion world, with memorable marketing campaigns.
  • Influence of Institutional Investors: The strategic direction and overall growth trajectory of PVH, and consequently Calvin Klein, are considerably influenced by its major institutional investors.
  • Continued Success: With the backing of PVH and its strong investor base, Calvin Klein remains a dominant and innovative brand in the global fashion industry.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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