January 12, 2008
Calvin Klein Inc, a wholly owned subsidiary of Phillips-Van Heusen Corporation announced the appointment of Robert Vignola as President, Calvin Klein Collection, a newly created position to support the brand’s global business.
Based in the company’s New York headquarters, Mr. Vignola will be responsible for sales and merchandising and will report to Fabio Fusco, subject to the completion of the proposed transfer to CKI of Confezioni Moda Italia S.r.l. (CMI), the Trento-based licensee of Calvin Klein Collection men’s and women’s apparel and accessories.
Mr. Fusco is CEO of CMI and would remain with the company after the completion of the transfer. Mr. Fusco would report to Tom Murry, President & COO, Calvin Klein Inc.
PVH announced in December 2007 that it had reached an agreement in principle with The Warnaco Group Inc pursuant to which Warnaco would transfer CMI to CKI. The transaction is targeted to close in mid-January 2008 but is not final and is subject to the negotiation and the execution of definitive documentation, which in turn could be subject to closing conditions.
“This is a very exciting time for Calvin Klein Collection and the appointment of Robert Vignola is an important step to enhance the structure of the business for global growth and intensified brand development,” said Mr. Murry.
“Robert is a talented executive who will strengthen the existing Calvin Klein Collection management team and support Fabio Fusco with the level of talent required to build the Calvin Klein Collection brand into a top global luxury business.”
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Source @ Fibre2fashion.com
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