Calvin Klein Net Worth is$700 Million
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Profession: Businessperson, Fashion Designer
Date of Birth: Nov 19, 1942
Nicknames: Richard Klein
Ethnicity: Jewish people
Country: United States of America
Calvin Klein is a fashion designer with a net worth of $700 million. Calvin Klein has built his net worth of founder of the fashion brand known as Calvin Klein Inc in 1968. Currently the company is owned by Phillips-Van Heusen, and is located in Midtown Manhattan, New York City. Some other accomplishments by Klein are Calvin Klein Limited, a coat shop, and a successful line of boxer shorts for women and a men's underwear collection. Born in The Bronx, New York, Klein also gave his name to a range of perfumes, now owned by Coty Inc. The Swatch Group manufactures watches and jewelry under the Calvin Klein and Calvin Klein Jeans brands.
Calvin Klein Inc. is a fashion house founded by American fashion designer Calvin Klein. The company is headquartered in Midtown Manhattan, New York City and currently owned by Phillips-Van Heusen. Like other fashion brands, Calvin Klein established a monogram: the "cK" emblem.
In 1968, Klein founded Calvin Klein Limited, a coat shop in the York Hotel in New York City, with $10,000. The first Calvin Klein collection was a line of men's and women's coats featured at the New York City store, Bonwit Teller.
In 1969, Klein appeared on the cover of Vogue magazine. By 1971, sportswear, classic blazers and lingerie were added to his women's collection.
In 1973, he received his first Coty American Fashion Critics' Award for his 74-piece womenswear collection. By 1977, annual revenues had increased to $30 million, and Klein had licenses for scarves, shoes, belts, furs, sunglasses, and sheets. Klein and Schwartz were making $4 million each. After the company signed licenses for cosmetics, jeans, and menswear, Klein's annual retail volume was estimated at $100 million. In 1978, Klein claimed sales of 200,000 pairs of his famous jeans the first week they were on the market. By 1981, Fortune figured Klein's annual income at $8.5 million a year. In the mid-1970s, he had created a designer-jeans craze by putting his name on the back pocket.
In the late 1970s, the company also made attempts to set up its own fragrance and cosmetics business, but soon withdrew from the market with big financial losses. In the 1980s, as the designer-jeans frenzy reached its all-time high, Calvin Klein introduced a highly successful line of boxer shorts for women and a men's underwear collection which would later gross $70 million in a single year. Calvin Klein's underwear business, promoted later in the 1990s with giant billboards showing images of pop singer Mark "Marky Mark" Wahlberg, was so successful that his underpants became generally known as "Calvins".
The stunning growth contin

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Calvin Klein Latest News

Raf Simons Brings Americana to a New Medium: Calvin Klein Chairs

When Gaetano Pesce designed his Feltri armchairs for Cassina, he made a playful take on the idea of a throne, with their high, curved backs and untraditional wool upholstery. Now, they’re getting a makeover by another king of sorts: Raf Simons.
Posted: June 11, 2018, 7:20 am

Play starring Idina Menzel resembles Calvin Klein scandal

The plot of “Skintight,” a new play starring Idina Menzel which opened Thursday at the Roundabout Theatre, bears more than a passing resemblance to a certain tabloid story from eight years ago involving Calvin Klein. In the Joshua Harmon play, Menzel ...
Posted: June 21, 2018, 5:50 pm

Calvin Klein Teams Up With Italian Artisans to Bring an Americana-Infused Chair Collection to Basel

It’s no secret that art has played a prominent role in Raf Simons’s career. And since taking the creative reins at Calvin Klein in 2016, the Belgian designer has only deepened his relationship with the art world, working with both American artist ...
Posted: June 14, 2018, 7:54 am
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