Calvin Klein Inc. is a fashion house founded by Calvin Klein, an American fashion designer. The head quarter of the company is in Midtown Manhattan, New York City. Currently it is owned by Phillips Van Huesen. Calvin Klein was initially known for its suits and coats but later it made a name in sportswear and lingerie collection. The brand also includes clothing, fragrances, home accessories and cosmetics. However, fragrances and cosmetic lines were soon discontinued from the market because of heavy financial losses. During 1980s Klein changed the American market of men underwear totally from the market where wives and mothers used to purchase white underwear's to one where the American men started caring about the brand of the underwear they wear. Also, advertising played a major role in the success of Calvin Klein. Klein was the first designer to make women’s underwear resembling men’s jockey shorts. The brand has a net worth of $700 million. His famous quotes: "I'm not trying to be Mr. Universe, but I want to stay in shape"; "I won't allow myself to have tremendous fear";