Calvin Klein Inc. is a fashion house founded by American fashion designer Calvin Klein. The company is headquartered in Midtown Manhattan, New York City and currently owned by Phillips-Van Heusen. Like other fashion brands, Calvin Klein established a monogram: the "cK" emblem. In 1968, Klein founded Calvin Klein Limited, a coat shop in the York Hotel in New York City, with $10,000. The first Calvin Klein collection was a line of men's and women's coats featured at the New York City store, Bonwit Teller. In 1969, Klein appeared on the cover of Vogue magazine. By 1971, sportswear, classic... blazers and lingerie were added to his women's collection. In 1973, he received his first Coty American Fashion Critics' Award for his 74-piece womenswear collection. By 1977, annual revenues had increased to $30 million, and Klein had licenses for scarves, shoes, belts, furs, sunglasses, and sheets. Klein and Schwartz were making $4 million each. After the company signed licenses for cosmetics, jeans, and menswear, Klein's annual retail volume was estimated at $100 million. In 1978, Klein claimed sales of 200,000 pairs of his famous jeans the first week they were on the market.
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