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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	1/22/2001 11:36:01 AM
From: Softechie	of 2155

Calvin Klein/Warnaco-2: Licensing Pact Still Intact By COLLEEN DEBAISE Of DOW JONES NEWSWIRES NEW YORK -- Shortly before their long-awaited court trial was set to start, representatives of Calvin Klein Inc. (X.CKI) and Warnaco Group Inc. (WAC) told a federal judge that they had settled a jeanswear licensing dispute. As he left the courtroom, fashion designer Calvin Klein told reporters that the terms of the settlement were confidential. His attorney, David Boies, confirmed that the long-term licensing agreement between the two companies is still intact, and that the resolution should protect the integrity of Calvin Klein's trademark. In a joint statement, Calvin Klein and Warnaco said they had resolved all disputes between them regarding the Calvin Klein Jeanswear business. "The parties believe their resolution will protect and promote the integrity and success of the Calvin Klein brand for their mutual benefit and the benefit of other Calvin Klein licensees," according to the statement. "The parties look forward to expanding jeanswear sales consistent with the image and prestige of Calvin Klein products and to expanding and concentrating the distribution of Calvin Klein jeanswear products in the Department and Specialty stores." The dispute between the two business partners - Warnaco has made jeans and underwear for Calvin Klein for several years under a long-term licensing agreement - began last spring, when Calvin Klein alleged in a lawsuit that Warnaco had essentially cheapened its trademark by selling volumes of merchandise to off-price warehouses. Warnaco fired back with its own counterclaims, accusing the designer of bad-faith dealing and trade libel and seeking hundreds of millions of dollars in damages. The company even noted in its countersuit that Klein the designer had made disparaging remarks about Warnaco during an appearance on "Larry King Live." --------------------------------------------------------------------------------

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