SHUTTERSTOCK/MAHATHIR MOHD YASIN

Swatch ends Calvin Klein Swiss watch licence as contract expires

SHARE THIS ARTICLE

Calvin Klein watches sell for CHF 150 to CHF 300 and lower-priced timepieces have suffered lately with competition from smartwatches and fashion watches from brands like Michael Kors or Fossil.

WEDNESDAY 23, OCTOBER 2019

Swiss watchmaker Swatch Group said that it will let a licencing agreement with Calvin Klein expire after more than two decades, reported Bloomberg.

Omega timepieces stated that the recent turbulence at Calvin Klein’s management led to the decision to end the alliance.

PVH Corporation, the owner of Calvin Klein, appointed Cheryl Abel-Hodges as the new Chief Executive Officer of the brand earlier this year. Analysts said that Swatch’s decision probably also stemmed from the weakness in the market for low-end watches.

Many traditional retail channels are disappearing as shopping malls struggle.

TAGS: CALVIN KLEIN PVH CORPORATION SWATCH GROUP

Print Friendly Version

Subscribe for our newsletter

Swatch ends Calvin Klein Swiss watch licence as contract expires

RECOMMENDED NEWS

Dubai Financial Market launches Shari’ah compliant index

Saudi Aramco aims to begin planned listing on 3 November 2019

Sharjah economic growth to average two per cent by 2022, S&P

Rethinking sustainability

Gulf sovereign wealth funds to consider investing in Saudi Aramco IPO

Saudi Arabia’s sovereign wealth fund to invest $10 billion in Brazil

Boeing manager sought to halt 737 Max production over safety

Fiat Chrysler, PSA explore a potential merger

BRANDS MAGAZINES LATEST EDITION

CPI Financial.com

Follow Us

OUR BRANDS

OUR EVENTS

AWARDS

PORTALS

SALES

HELP

Subscribe to our News Letter