Founded in 1968, CALVIN KLEIN is one of the best known designer names in the world, offering a modern, provocative design aesthetic. The CALVIN KLEIN brands — CALVIN KLEIN 205W39NYC, CK CALVIN KLEIN, CALVIN KLEIN, Calvin Klein Jeans and Calvin Klein Underwear— provide us with the opportunity to market products both domestically and internationally at various price points, through multiple distribution channels and to different consumer groups. Global retail sales of products sold under the CALVIN KLEIN brands were approximately $8.4 billion in 2016.
Tommy Hilfiger is one of the world's leading designer lifestyle brands and is internationally recognized for celebrating the essence of classic American cool style with a preppy twist. Introduced in 1985, Tommy Hilfiger delivers premium styling, quality and value to consumers worldwide. Tommy Hilfiger has achieved strong global brand awareness and recognition and it occupies a unique position as a premium brand offering quality apparel, accessories and lifestyle products at accessible price points. Global retail sales of products sold under the Tommy Hilfiger brands were approximately $6.6 billion in 2016.
Our Heritage Brands business encompasses the design, sourcing and marketing of a varied selection of dress shirts, neckwear, sportswear, swim products, intimate apparel, underwear and related apparel and accessories under prominent nationally and internationally known brand names, as well as the licensing of our owned brands (other than the CALVIN KLEIN and Tommy Hilfiger brands), for an assortment of products. We design, source and market substantially all of these products on a brand-by-brand basis, targeting distinct consumer demographics and lifestyles in an effort to minimize competition among our brands. Global retail sales of products sold under our Heritage Brands were approximately $3.3 billion in 2016.