Calvin Klein and SMH to launch two watch collections for Fall 1997 through new licensing agreement and creation of a joint venture.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & BIEL Biel (bēl) or Bienne (byĕn), city (1990 est. pop. 52,020), Bern canton, NW Switzerland, at the northeast end of the Lake of Biel. A watchmaking center, Biel also manufactures chains and machinery. , Switzerland--(BUSINESS WIRE)--Feb. 14, 1997-- Calvin Klein Noun 1. Calvin Klein - United States fashion designer noted for understated fashions (born in 1942) Calvin Richard Klein, Klein Inc. and SMH SMH Sydney Morning Herald (Australia) SMH St Michael's Hospital SMH Shaking My Head SMH Strong Memorial Hospital SMH Sanders Morris Harris Inc. SMH Screening for Mental Health, Inc. , the leading producer of watches, today announced that two watch collections will be launched for Fall 1997. These watches will join the current Calvin Klein Collection Calvin Klein Collection is the brand name for the costly high-end designer menswear and womenswear lines from fashion house Calvin Klein. Designer apparel, dresses, coats, dress shirts, eyewear, footwear and leather goods are sold under this 'black label' line, which and cK Calvin Klein accessories lines for both women and men. A new company, CK Watches S.A., has been created by SMH and will produce and distribute the Calvin Klein Collection and cK Calvin Klein watch lines from Biel, Switzerland. Design will be the responsibility of Calvin Klein Inc. in collaboration with SMH design center. CK Watches S.A. will be ultimately held 90 percent by SMH and 10 percent by Calvin Klein Inc. After Swatch, Omega, Rado, Longines, Blancpain, Tissot, Certina, Mido, Balmain, Hamilton, Flik Flak, Lanco and Endura, CK Watches is the fourteenth watch company within the SMH Group. "Extending Calvin Klein design to watches in partnership with an organization of the caliber of SMH is an exciting opportunity," said Gabriella Forte, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Calvin Klein Inc. "SMH's reputation for quality manufacturing and its worldwide distribution capability is unparalleled in the watch industry." "We are very excited about the potential of Calvin Klein's unique, modern design approach combined with SMH expertise for watches," said Nicholas Hayek, chairman and chief executive officer of SMH. "We see great opportunity for Calvin Klein to make breakthrough contributions to watch fashion design in both function and appeal." The Calvin Klein Collection watch line will comprise a range of prestige, limited edition styles, while the cK Calvin Klein line will be designed and priced with the more fashion-forward cK customer in mind. The new watches will be added to other product lines carried in Calvin Klein Collection and cK Calvin Klein freestanding stores around the world, with significant additional distribution through fine department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. and specialty retailers via SMH's strong worldwide distribution channels. SMH is the leading watch producer in the world with high technology. SMH has 42 plants in Switzerland, five in France, one in Germany, one in Italy, one in Thailand and one in Malaysia. Its most recent one in China is for components for the Far East and is producing high technology products including integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. and a special car with Mercedes Benz Mercedes Benz expensive automobile and status symbol. [Trademarks: Crowley Trade, 368] See : Luxury . SMH employs some 17,000 people worldwide and had sales of Swiss Francs 2.8 billion in 1996, up 6% against 1995. Calvin Klein, Inc. is one of the leading fashion and design companies in the world and a globally recognized brand name. The company's product lines include three distinct lifestyle categories: the Calvin Klein Collection for women and men, cK Calvin Klein for women and men and cK Calvin Klein Jeans for women, men and children. A diverse range of products is designed under these lifestyle categories, including apparel, accessories, shoes, underwear, sleepwear, hosiery, socks, swimwear, eyewear, coats, and fragrance, as well as products for the home. CONTACT: Calvin Klein, Inc. Robert Triefus Senior Vice President of Communications, Worldwide 212/292-9680 (telephone) 212/292-7751 (fax) or Beatrice Howald SMH Press Officer 41/32/343 68 33 (telephone) 41/32/343 69 22 (fax) |
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