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Phillips-Van Heusen Licenses IZOD in India, Middle East

Under the agreement, Arvind, based in Bangalore, India, will have the right to produce and market a wide range of products, including tops, casual pants and shorts, jeans, sweaters and unconstructed blazers, outerwear, and accessories, such as women's handbags and men's and boys' small leather goods. The initial term of the license agreement is through 2019, with renewal options that would extend the term through 2029.

"We have high expectations of Arvind, a long-time licensee of our ARROW brand, as we begin to plot a course to establish IZOD throughout India and the rest of Asia," said Allen Sirkin, President and Chief Operating Officer of Phillips-Van Heusen. "We see the active, energetic personality of the IZOD brand as an ideal fit for the fashion needs of men, women and boys in the region. Based on our extensive experience with Arvind as a licensing partner and Arvind's knowledge of consumers and retailers in India and the Middle East, we strongly believe that Arvind is the right partner for us in these emerging markets."

J. Suresh, Chief Executive Officer of Arvind Lifestyle Brands Ltd. And Arvind Retail Ltd., said, "We are extremely pleased to launch IZOD in India and the Middle East and also very confident that we can duplicate with IZOD the enormous success we've had with ARROW."

The license agreement has a specific focus on the development of IZOD retail locations. Arvind, a significant retail operator throughout India, has already opened the first freestanding IZOD store in India, in Ahmedabad, as well as more than a dozen shop-in-shops in department and specialty stores such as Shoppers Stop, Lifestyle, Central, Kapsons and Club America. A network of up to 100 freestanding IZOD stores is planned for the licensed territory in the next five years.

Dating back to the 1930s, the sports-inspired IZOD brand now is licensed to 23 companies covering 26 different product categories in the U.S. and seven international markets.

About PVH

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.

About Arvind Mills

Founded in 1931, Arvind Mills Ltd. is a vertically integrated manufacturer of textile and apparel products with expertise in wholesaling and retailing. Believed to be the world's largest manufacturer of denim, the company has been instrumental in the introduction of a number of U.S. brands, including Phillips-Van Heusen Corporation's ARROW brand, in India. Arvind operates Megamart, the largest value retail chain in India.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements made in this press release, including, without limitation, statements relating to the Company's future plans, strategies, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company's plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the levels of sales of the Company's licensees at wholesale and retail, and the extent of discounts and promotional pricing in which the Company's licensees and other business partners are required to engage, all of which can be affected by weather conditions, changes in the economy, fuel prices, reductions in travel, fashion trends, consolidations, repositionings and bankruptcies in the retail industries, and other factors; (iii) civil conflict, war or terrorist acts, the threat of any of the foregoing, or political and labor instability in any of the countries where the Company's licensees' or other business partners' products are sold, produced or are planned to be sold or produced; (iv) disease epidemics and health related concerns, which could result in closed factories, reduced workforces, scarcity of raw materials and scrutiny or embargoing of goods produced in infected areas, as well as reduced consumer traffic and purchasing, as consumers limit or cease shopping in order to avoid exposure or become ill; (v) the failure of the Company's licensees to market successfully licensed products or to preserve the value of the Company's brands, or their misuse of the Company's brands and (vi) other risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any forward-looking statement, whether as a result of the receipt of new information, future events or otherwise.

Phillips-Van Heusen Corporation
Investors:
Michael Shaffer
Executive Vice President and
Chief Financial Officer
212-381-3523
Media:
Kenneth L. Wyse
President of Licensing
212-381-3628
www.pvh.com