G-III accuses PVH of breach of contract in a demand of $ 250 million

G-III APPAREL Group has filed a demand of $ 250 million against PVH Corp., increasing tensions between the two fashion giants with accusations of breach agreements breach and interference in commercial relations.

The complaint, presented in the State Court of New York, is directed to PVH and its Licensing Divisions of Calvin Klein Inc. and Tommy Hilfiger.

While the complete demand remains under seal, a legal presentation offers information on the case of G-III. In the heart of the dispute there are statements that PVH violated his contracts with G-III that involved both the brands of Calvin Klein and Tommy Hilfiger.

G-III is looking for a declarative sentence that indicates that it is not obliged to pay royalties due to its inability to meet the minimum sales requirements, a failure that the company attributes the PVH actions itself, including its strategic decision to climb the wholesale presence of brands. The demand also accuses PVH of tortuous interference in the licenses of demands for women of G-III for both brands and seeks damage as a result.

As the case develops, a drafted version of demand is expected to throw more light on what appears to be a high -risk corporate division with implications for some of the most emblematic names of the fashion industry.