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Press release from Business Wire

PVH Corp. Announces License Agreement with Concept One Accessories for Headwear under the IZOD Brand

Thursday, February 07, 2013

PVH Corp. Announces License Agreement with Concept One Accessories for Headwear under the IZOD Brand14:54 EST Thursday, February 07, 2013 NEW YORK (Business Wire) -- PVH Corp. (NYSE: PVH) has entered a licensed agreement with USPA Accessories, LLC dba Concept One Accessories to market and distribute men's and boys' non-knit headwear for the IZOD brand. The initial term of the license agreement runs through 2015, and provides for a three-year renewal at PVH's option. Under the license, Concept One will produce and distribute baseball caps, fedoras, and military style headwear. The product will be sold at major department and specialty stores throughout the United States, Canada and Mexico. “IZOD is a youthful, sport spirited brand, and we believe this new line of headwear fits well within the IZOD brand lifestyle for our male consumers,” said Ken Wyse, President of Licensing for PVH Corp. “We have successfully partnered with Concept One for other PVH owned brands and believe they have the capability to maximize the potential of this category for the IZOD brand.” "IZOD is a heritage brand on the move" said Sam Hafif, CEO Concept One Accessories. "Not only is it a jewel in the PVH brand portfolio, it's an excellent brand for extension to headwear. The sporty lifestyle and vibrant color scheme of the line lends itself perfectly to our category, and the brand appeals to a broad age demographic making it a great opportunity for retail headwear programs. This agreement is our second license with PVH. We launched headwear under PVH's VAN HEUSEN brand last year, and we're very excited about the expanded relationship with PVH." About PVH Corp. PVH Corp., one of the world's largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands 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, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos. ABOUT CONCEPT ONE: Concept One Accessories is the premier resource for licensed fashion, sports, and entertainment accessories. Our well-rounded portfolio and expansive product offering establishes the company as the go-to resource for fashion accessories across all channels of distribution. Concept One's commitment to growth is demonstrated by the company's continuous investments in production capabilities and strategic acquisitions. Concept One's steadfast and aggressive approach to growth will ensure the company's long-term position as a proven leader in the accessories business. The company was established in 1999 by brothers Sam and Bernie Hafif and employs over 150 people worldwide.   SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements made in this press release, including, without limitation, statements relating to PVH Corp.'s future plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the levels of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company's licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, and other factors; (iii) civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where the Company's licensees' or other business partners' products are sold, produced or are planned to be sold or produced; (iv) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (v) the failure of the Company's licensees to market successfully licensed products or to preserve the value of the Company's brands, or their misuse of the Company's brands and (vi) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.   The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise. PVH Corp.Investors:Dana Perlman, 212-381-3502Treasurer, SVP - Business Development and Investor RelationsorLicensing:Ken Wyse, 212-381-3628President, LicensingorMedia:Jason Colin, 212-381-3937Director of Communications