What percentage of worldwide Calvin Klein net sales was Klein paid personally after the 2002 sale?
David Shankbone / Wikimedia Commons / CC BY 3.0
PVH’s annual report set out the mechanism: 1.15 per cent of total worldwide net sales of products bearing any Calvin Klein mark.
Through what date did that royalty entitlement run?
David Shankbone / Wikimedia Commons / CC BY 3.0
The contingent payments covered sales made through 12 February 2018, after which he had no financial participation in the brand at all.
How much did PVH pay him under that royalty in 2017?
David Shankbone / Wikimedia Commons / CC BY 3.0
The disclosed payments were $51 million in 2015, $53 million in 2016 and $56 million in 2017, the last full year of the term.
How many PVH shares did the nine-year warrant granted to Klein cover?
David Shankbone / Wikimedia Commons / CC BY 3.0
The warrant over 320,000 shares was a small part of the deal beside the royalty, but it tied him to the share price for nine years.
What exercise price was set on that warrant?
David Shankbone / Wikimedia Commons / CC BY 3.0
The strike was $28 a share, and PVH traded well above it for much of the warrant’s life.
In which month and year was the acquisition agreement signed?
David Shankbone / Wikimedia Commons / CC BY 3.0
The agreement is dated 17 December 2002 and covered the American, European and Italian Calvin Klein entities together.
Which property did Klein sell to the hedge-fund founder Ken Griffin in March 2020?
David Shankbone / Wikimedia Commons / CC BY 3.0
The Southampton compound had taken him roughly three decades and an estimated $45 million to build.
How much did Griffin pay for the Southampton compound?
David Shankbone / Wikimedia Commons / CC BY 3.0
Griffin paid $84.44 million off-market, a figure that only surfaced after the deal had closed.
What did his Miami Beach house sell for in February 2017?
David Shankbone / Wikimedia Commons / CC BY 3.0
It had been listed at $16 million in 2015 and went for $12.85 million two years later.
What did Calvin Klein Inc. allege in its 2000 lawsuit against the Warnaco Group?
David Shankbone / Wikimedia Commons / CC BY 3.0
Warnaco counter-sued and the two sides settled in January 2001, before the sale that created most of Klein’s wealth.
Share your Results: