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Calvin Klein to close luxury collections business

By Scarlett Conlon

American fashion brand to shut New York store and focus on denim and underwear

The American fashion brand Calvin Klein has announced that it is shutting its luxury collections business. It will instead focus on its existing categories, including denim and underwear.

It comes after the unexpected departure of Calvin Klein’s creative director Raf Simons – formerly of Christian Dior and Jil Sander – late last year. The designer, who changed the category’s name from Calvin Klein Collection to Calvin Klein 205W39NYC, cut short his contract which was due to end this August shortly after the CEO of parent company PVH Corp, Emanuel Chirico, said he was “disappointed by the lack of return on our investments in our Calvin Klein 205W39NYC halo business.”

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Via:: https://www.theguardian.com/business/2019/mar/07/calvin-klein-to-axe-luxury-collections-business