Calvin Klein is one of the top most American Fashion house which was established in 1968 by the designer Calvin Klein himself in the partnership of his childhood friend Barry K. Schwartz. Although it was started as an independent company, in 2002, it was taken over by Philips-Van Heusen Corporation (PVH), and American clothing company.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 7 competitors of Calvin Klein.
1. Tommy Hilfiger:
Tommy Hilfiger is a fashion brand that sells footwear, apparel and accessories for men, women and kids. It is the subsidiary of PVH Corporation. Its caters to the fashion tastes of young, educated urban people a preppy style of dressing.
2. Giorgio Armani:
Giorgio Armani is the ultra-premium line of designer apparels which was founded in 1975 by an Italian fashion designer named Giorgio Armani. Armani’s goal is to provide ultra-premium designer apparels to the customers belonging to the luxurious segment who always wants something unique, stylish and customized which will reflect their status in the society. The fame and elegant offerings that Armani’s line of clothing generated drew in the royals and fashionistas of the world who seek something special that no one else possess.
Ralph Lauren is a well-known American company which was founded in 1967 by Ralph Lauren. It has its headquarters in the New York city, USA. Ralph Lauren has an employee strength of 15,000 employees and a total net assets of around US$ 6.2 billion.
Versace was found in 1978 by Gianni Versace in Milan, Italy. Gianni Versace took fashion to some another level starting from arts and theatre to the world of rock and roll. After the death of Gianni Versace, Donatella Versace, his younger sister took over Versace as creative director and took Versace to the heights of fame.
Gucci is an Italian luxury fashion house. It belongs to the French fashion giant Kering group. It was founded by Guccio Gucci in 1921 in Florence, Italy.
6. Hugo Boss:
Hugo Boss, which is one of the most prominent player in the apparel market today, was founded in 1924 by its founder Hugo Boss. Hugo Boss covers segments starting from Casual Clothing to Classic Tailor Clothing. Also, famous for its perfumes, shoes, watches and recently established kids wear.
Chanel is a luxurious fashion brand from France which is known for its haute couture and ready-to wear clothing line along with other premium products such as watches, perfumes, handbags, sunglasses and designer jewellery. The brand is highly renowned across the world and wore by the high socio-economic class of people as a symbol of luxury and elitism. It was founded by Gabrielle Chanel, famously known as Coco Chanel in 1909 and was revolutionary in its designs as it freed the women of 20th century from the corseted dresses they were wearing to more comfortable and naturally flattering dresses.
To conclude, the above article highlights the various competitors which compete with Calvin Klein. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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