Calvin Klein has announced the end of its runway fashion collection, fresh on the heels of the departure creative director Raf Simmons late last year.
The American fashion brand has said it will instead focus its efforts on its more profitable underwear and jeans categories.
Earlier this month, the company said it would be closing the doors of its 654 Madison Avenue store.
According to reports, the decision to end the Calvin Klein Collection entirely will potentially result in the loss of 100 jobs across New York and Milan.
In December last year, Chief Creative Officer Raf Simmons left Calvin Klein after two years at the company.
During his time at the company, Simmons opted to change the name of the Calvin Klein Collection to Calvin Klein Collection to Calvin Klein 205W39NYC.
However, Simmons eventually announced his departure after the CEO of parent company PVH Corp, Emanuel Chirico, said he was “disappointed by the lack of return on our investments in our Calvin Klein 205W39NYC halo business.”
Prior to his time at the company, Simmons lead the creative vision at Dior and Jill Sander.
In its third quarter results for 2018, the brand said pre-tax earnings fell to $121 million, compared with $142m for the same period a year ago.
Meanwhile, revenues increased 2% to $963 million over the course of the year.
