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But then, on March 24, 2003, less than six weeks after Klein and his longtime friend and business partner, Barry Schwartz, sold their company to Phillips–Van Heusen, picking up 0 million in cash for themselves (plus approximately million in PVH stock, along with future royalties), the designer set jaws dropping, tongues wagging, and headlines screaming across New York.
Miraculously, his work hadn’t suffered—which says a lot about Klein’s extraordinary sense of responsibility to his company—and, for the most part, neither had his public image.
He typically uses neutral colors or earth tones (browns), and designs separates (articles of clothing designed to be worn interchangeably with others to form various combinations) that work in many different ensembles, from day to night and season to season.
At the same time his advertising for jeans and fragrances was being criticized, Calvin Klein clothing was receiving critical acclaim for its clean, modern lines.
He spent five years as an apprentice (a student working toward learning a skill) in a coat and suit house on Seventh Avenue in New York City, working long nights and weekends to perfect his own designs.
In 1968 Klein and close childhood friend Barry Schwartz created a Calvin Klein coat business. A coat buyer from Bonwit Teller (a large New York City clothing store) got off on the wrong floor of a hotel and wandered into Klein's workroom.
Klein's world soon included his couture (fashionable custom-made women's clothing) line, Calvin Klein Collection for men and women, CK sportswear for men and women, and CK jeans.
In addition Klein built a financially strong company with the continued advice and help of partner Barry Schwartz, who guided the company through tough financial times in the late 1980s. Klein's personal life also weathered the times.
As a youth, while others his age were playing sports, Klein was busy studying, sketching fashion designs, and sewing.