Marchon Eyewear, Inc. And Calvin Klein, Inc. Announce Renewal Of Exclusive Longterm Global Eyewear Licensing Agreement

MELVILLE, N.Y. and NEW YORK, Sept. 29, 2017

This agreement is for the exclusive design, development, production and distribution of Calvin Klein, Inc.'s ophthalmic and sunglass collections, under the CALVIN KLEIN 205W39NYC, CALVIN KLEIN, and Calvin Klein Jeans brands. This renewal marks the 25 year milestone since Marchon and Calvin Klein, Inc. first engaged as licensing partners in 1992.

"We are incredibly proud to continue our longstanding and successful partnership with Calvin Klein and be a part of the exciting and reinvigorated brand under Raf Simons' creative vision," said Nicola Zotta, President & CEO of Marchon Eyewear, Inc. "Our collaborative teams share the same drive for excellence and we are confident that we will continue to create innovative designs and products that drive the Calvin Klein eyewear business forward."

"We are pleased to extend our partnership with Marchon Eyewear and believe in the strength of our longstanding collaboration and the quality of the product we are creating together," said Steve Shiffman¸ CEO of Calvin Klein, Inc. "We look forward to continuing the exciting growth of the global CALVIN KLEIN brand in the eyewear category with our valued business partner."

Calvin Klein is a global lifestyle brand that exemplifies bold, progressive ideals and a seductive, and often minimal, aesthetic. We seek to thrill and inspire our audience while using provocative imagery and striking designs to ignite the senses. Founded in 1968 by Calvin Klein and his business partner Barry Schwartz, we have built our reputation as a leader in American fashion through our clean aesthetic and innovative designs. Global retail sales of Calvin Klein brand products were approximately $8.5 billion in 2016 and were distributed in over 110 countries. Calvin Klein employs over 10,000 associates globally. We were acquired by PVH Corp. in 2003.

With a history going back over 135 years, PVH has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 35,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic CALVIN KLEIN, TOMMY HILFIGER, VanHeusen, IZOD, ARROW, Speedo*, Warner's, Olga and True&Co. brands, and market a variety of goods under these and other nationally and internationally known owned and licensed brands.