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November 20, 2012
16:04 EDTGIII, PVH, LULUlululemon unit, Calvin Klein, G-III Apparel reach patent suit settlement
lululemon athletica canada, a subsidiary of lululemon athletica (LULU), Calvin Klein, a wholly owned subsidiary of PVH Corp. (PVH), and G-III Apparel Group (GIII), a Calvin Klein licensee, have entered into a settlement agreement that will resolve the pending design patent litigation related to certain yoga pant designs. The terms of the parties’ settlement agreement are confidential. Pursuant to the agreement, the pending litigation will be dismissed, the parties announced.
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