An expected sales surge at Calvin Klein could see the business go head-to-head with Italian fashion powerhouse Giorgio Armani in the next five years, a top executive at Phillips-Van Heusen said yesterday (6 June).

Speaking at the Piper Jaffray consumer conference in New York, Phillips-Van Heusen CEO Emanuel Chirico said global sales of the Calvin Klein brand are likely grow to US$6-6.5bn.

According to the Reuters news agency, Chirico told reporters: "In five years, that will put us about comparable to what Giorgio Armani is doing today."

Phillips Van-Heusen has owned the Calvin Klein brand since 2002 and now has more than 30 licensing agreements.