Raf Simons officially joined Calvin Klein a little over two years ago, to much fanfare. But it appears now that for the brand’s parent company, PVH Corp., the excitement may have worn off. WWD reports that while revealing its third quarter results, PVH chairman and CEO Emanuel Chirico expressed dissatisfaction with Simons for the first time in his tenure.
“While many of the product categories performed well, we are disappointed by the lack of return on our investments in our Calvin Klein 205W39NYC halo business and believe that some of the Calvin Klein Jeans’ relaunched product was too elevated and did not sell through as well as we planned,” he said.
“From a product perspective, we went too far, too fast on both fashion and price,” Chirico continued. “We are working on fixing this fashion miss, and we believe that our CK Jeans offering will be much more commercial and fashion-right beginning in 2019, especially for the fall 2019 season.” Rumors are now swirling that Simons and PVH may not come to an agreement in regards to renewing the designer’s contract. Sources have further told WWD that Simons has even rejected an early renewal contract, and might be “considering his options.”
Simons joined Calvin Klein in August 2016, nearly one year after leaving his position at Dior. His first collection, Fall 2017, was met excitement and praise. This will likely remain the case when Simons unveils his new collection, for Fall 2019, next February, which is scheduled to go on as planned.