IZOD Arrives in India with Arvind

Tuesday March 25 12:24 AM

"PVH is represented in India through the presence of several of its brands, including ARROW, which Arvind has distributed for more than 15 years. We have been impressed by Arvind's management team and the growth of our ARROW brand in India, as well as the number of other prominent international brands Arvind manages in India. We believe that Arvind has the skill, business acumen, experience and infrastructure to introduce and develop successfully the IZOD brand in India." said Kenneth Wyse, President - Licensing, PVH.

"Arvind Brands is excited to be furthering its relationship with PVH - a company with which we have a close relationship," said J. Suresh, CEO of Arvind Brands. Continuing, he said, "With this relationship, we will now have a true iconic American sportswear brand with which to build a strong presence in the sportswear segment. We believe this is a segment that is at the cusp of explosive growth in India."

About IZOD and Phillips-Van Heusen Corporation:

IZOD, one of the United States' best-known and best-selling apparel brands, 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 IZOD brand is now licensed to 27 companies covering 25 categories of goods in the U.S. and in 11 international territories, IZOD brand products include apparel and accessories for men, women, and children, soft home goods and a soon-to-be launched men's fragrance. The IZOD brand offerings include products sold under the IZOD PerformX (technical and performance fabricated sportswear), IZOD Jeans, IZOD Golf, IZOD LX (a luxury sportswear collection sold exclusively at Macy's) and IZOD-G (green grass and resort channel golf apparel) subbrands, which are sold in over 6,000 retail venues, including department, specialty and company-owned stores, worldwide. Visit izod.com.

Phillips-Van Heusen Corporation is one of the world's largest apparel companies. It owns and markets the Calvin Klein brand 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, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, BCBG Max Azria, BCBG Attitude, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, Tommy Hilfiger, Perry Ellis Portfolio, DKNY and, beginning in Fall 2008, Timberland.

About Arvind Mills Ltd:

Established in 1931 as a global leader in the development and production of textiles, Arvind Mills is India's largest integrated textile company and operates across the entire value chain from design to fabric to brands. Arvind was the first company in India to license an international brand when they brought ARROW to India. Arvind now has licensing relationships with many international brands, including ARROW, GANT, Tommy Hilfiger and, most recently, Diesel. Arvind also has a joint venture for the Indian market with VF Corporation with respect to VF's brands, including Wrangler, Lee, Nautica, and Kippling. In addition, Arvind owns a number of successful Indian brands; Flying Machine, Newport, Excalibur and Ruf and Tuf among others, and owns the 70 outlet 'Megamart' value retail chain.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements made in this release, including, without limitation, statements relating to the Company's future revenues and earnings, 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 apparel, footwear and related products, both to its wholesale customers and in its retail stores, 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 and its 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, repositionings of brands by the Company's licensors and other factors; (iii) the Company's plans and results of operations will be affected by the Company's ability to manage its growth and inventory, including the Company's ability to continue to realize revenue growth from developing and growing Calvin Klein; (iv) the Company's operations and results could be affected by quota restrictions and the imposition of safeguard controls (which, among other things, could limit the Company's ability to produce products in cost-effective countries that have the labor and technical expertise needed), the availability and cost of raw materials (particularly petroleum-based synthetic fabrics, which are currently in high demand), the Company's ability to adjust timely to changes in trade regulations and the migration and development of manufacturers (which can affect where the Company's products can best be produced), and civil conflict, war or terrorist acts, the threat of any of the foregoing or political and labor instability in the United States or any of the countries where the Company's products are or are planned to be produced; (v) 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; (vi) acquisitions and issues arising with acquisitions and proposed transactions, including without limitation, the ability to integrate an acquired entity into the Company with no substantial adverse affect on the acquired entity's, or the Company's existing, operations, employee relationships, vendor relationships, customer relationships or financial performance; (vii) 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 (viii) 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 such forward-looking statement, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events or otherwise.

Contact:

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

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