Comfort Revolution

PVH & Comfort Revolution Announce Licensing Agreement for Izod Memory Foam

08-17-2011

NEW YORK, NY — Phillips-Van Heusen Corporation (NYSE: PVH) and Comfort Revolution have entered into a licensing agreement under which Comfort Revolution will market and distribute memory foam bedding and stadium seat cushions under PVH’s IZOD brand. The licensing agreement has an initial term of just over two years and provides for a three year renewal at PVH’s option.

The new IZOD memory foam bedding collection will integrate the sport-spirited design of the brand. The collection will debut at the Home Textiles Market Week during the week of March 14, and will be distributed at major department stores and specialty stores throughout the United States.

“We are excited to continue growing our IZOD product offerings and to partner with Comfort Revolution on this endeavor,” said Allen Sirkin, President and Chief Operating Officer of Phillips-Van Heusen. “With Comfort Revolution’s extensive experience in this category, we believe they are the best partner to introduce the IZOD bedding line.”

The IZOD bedding line includes non-coil memory foam mattresses, mattress toppers and pillows, will incorporate IZOD branded packaging, and will be available in twin, queen, and king sizes. The memory foam bedding collection will retail for approximately $500 and up.

“Comfort Revolution is extremely excited to be entering into a partnership with PVH to manufacture and distribute IZOD branded comfort sleep products and stadium seat cushions. These products will appeal to the IZOD consumer who is looking for innovation, quality and performance. Our IZOD sleep products will allow customers to wake up refreshed and rejuvenated and enable them to get the most out of their day. We look forward to working closely with PVH in developing exciting new products and packaging that will help grow our business and theirs,” said Michael Fux, CEO of Comfort Revolution.

About IZOD and Phillips-Van Heusen Corporation: IZOD, one of the best-known and best-selling apparel brands in the United States, is known for its sport-inspired, clean designs and colorful product lines. With a history in the United States dating back to the 1930s, the sports-inspired IZOD brand now is licensed to 24 companies covering 28 different product categories in the U.S. and 51 international markets. IZOD brand products include apparel and accessories for men, women, and children, soft home goods and men’s fragrance. The IZOD brand offerings include products sold under the IZOD PerformX (technical and performance fabricated sportswear), IZOD Jeans, and IZOD LX (a luxury sportswear collection sold exclusively at Macy’s) sub brands, which are sold in over 6,000 retail venues worldwide, including department, specialty and company-operated stores. For more information visit HYPERLINK "http://www.izod.com"www.izod.com.

Phillips-Van Heusen Corporation, one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Trump, JOE Joseph Abboud, DKNY and Timberland. For more information visit HYPERLINK "http://www.pvh.com"www.pvh.com

About Comfort Revolution: Comfort Revolution®, headquartered in West Long Branch, New Jersey, is a leading distributor and marketer of high-end sleep products, including mattresses, mattress toppers and pillows. Comfort Revolution’s portfolio of brands include Sleep Clinique, Fresh Foam and Body Therapy. Comfort Revolution®. Good nights. Great Days. Revolutionary Comfort™.

For more information, visit http://www.comfortrevoultion.com