Calvin Klein opens first multi-brand store
The first store bringing together the entire Calvin Klein offering in Australia opened over the Easter long weekend at Queensland’s Sunshine Plaza.
Spanning over 310sqm and offering a full range of men’s and women’s underwear, jeans, performance, accessories, as well as kid’s underwear, the store is the Calvin Klein’s 32nd in Australia, and reflects the brand’s minimal, modern aesthetic.
Sunshine Plaza recently finalised a $440 million redevelopment, boasting over 345 retail stores to become the first ‘super regional’ shopping centre North of Brisbane.
Calvin Klein’s presence in Australian and New Zealand had previously been run by Gazal Corporation, but the brand’s US-based owner, PVH Corporation, recently outlined plans to purchase Gazal.
The deal, which also impacts the Tommy Hilfiger brand and is expected to be finalised in the second quarter of 2019, will give PVH a more direct hand in the brand’s Australasian operations.
“I’m pleased that we have agreed to acquire Gazal. PVH currently – and for many years – has had a successful business relationship with our Australian partners and would be pleased to bring them into the larger PVH family,” Emanuel Chirico, PVH Corporation’s chairman and CEO said.
“Gazal has enhanced the market position of our brands in Australia and New Zealand and we believe the region continues to offer significant growth over the next five years and aligns with our strategic priority to expand our direct control of businesses operated under the Calvin Klein and Tommy Hilfiger brands worldwide.”
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Winning Appliances officially opened its store in Chadstone shopping centre this week, with three bespoke, built-in… https://t.co/5NfHiDFU7f2 days ago
Less than 4 days away, Inside Retail Live is back w/ an amazing speaker line-up & an all new choose your own advent… https://t.co/5M5wdindHM2 days ago