Swatch: to end licensing agreement with Calvin Klein
(CercleFinance.com) - After more than 22 years of exclusive collaboration, Swatch Group has decided not to renew the licensing agreement with Calvin Klein at its expiry date, the Swiss watchmaker said on Tuesday.
Therefore, the deal will end "in the near future," the group said.
The decision has been taken due to recent "turbulence" and "uncertainties" in management at Calvin Klein, New York, Swatch noted.
The Swatch share was down 0.6% in Zurich on this news.
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Therefore, the deal will end "in the near future," the group said.
The decision has been taken due to recent "turbulence" and "uncertainties" in management at Calvin Klein, New York, Swatch noted.
The Swatch share was down 0.6% in Zurich on this news.
Copyright (c) 2019 CercleFinance.com. All rights reserved.