With worldwide retail sales of approximately $6.7 billion in 2010, we believe Calvin Klein is one of the best known designer names in the world, offering a modern design aesthetic. The Calvin Klein brands — Calvin Klein Collection, ck Calvin Klein and Calvin Klein — provide us with the opportunity to market products both domestically and internationally at higher price points, in higher-end distribution channels and to different consumer groups than most of our Heritage Brands business product offerings.

With worldwide retail sales of approximately $4.6 billion in 2010, Tommy Hilfiger, which is distributed in over 90 countries, is a global designer lifestyle brand. The brand celebrates the essence of “classic American cool” and “preppy with a twist” designs, and occupies a distinct position as an accessible but premium brand. Tommy Hilfiger offers a wide range of high quality apparel, accessories and lifestyle products with a diverse consumer following and strong global brand awareness.

With 2010 worldwide retail sales of approximately $3.3 billion, our Heritage Brands business encompasses the design, sourcing and marketing of a varied selection of branded label dress shirts, neckwear, sportswear and footwear, as well as the licensing of our owned brands (other than the Calvin Klein and Tommy Hilfiger brands), for an assortment of products.