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Calvin Klein Exits Collection Business, Leaving ‘Halo’ Effect Behind

Calvin Klein is bidding the Collection business goodbye.
After deciding in January to shutter its 205W39NYC business, the renamed high-end designer collection in which parent PVH Corp. had invested close to $70 million, Klein has opted to get out of the collection business altogether. In January, Klein said it planned to relaunch the 205W39NYC collection business following chief creative officer Raf Simons’ departure under a new name, design approach and creative direction, but changed its mind after a thorough review of the entire business.
As a result, 50 employees in the New York office and 50 employees in the Milan office were let go, and the company plans to shut down the Milan office. In addition, Michelle Kessler-Sanders, president of Calvin Klein 205W39NYC and Calvin Klein by Appointment, will be leaving the company, but will stay on through June to help close down the business. She may continue to work in an advisory capacity beyond that.
The brand plans to shutter its Calvin Klein by Appointment business unit as well, but to continue to dress talent and celebrities, said a source close to the company.
Steve Shiffman, who remains chief executive officer of Calvin Klein Inc., was unavailable for comment Wednesday.
Klein bypassed a fashion

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Via:: https://wwd.com/fashion-news/designer-luxury/calvin-klein-exits-collection-business-leaving-halo-effect-behind-1203079540/