Calvin Klein Inc. is an American fashion brand founded in 1968 by Calvin Klein. Currently, it is owned by Phillips-Van Heusen. In 1968, Calvin Klein founded Calvin Klein Ltd., a coat shop in the York Hotel in New York City, with $10,000. In 1969, Mr. Klein, who was later described as "the supreme master of minimalism," appeared on the cover of Vogue magazine. By 1971, sportswear, classic blazers as well as lingerie were added to his women's collection portfolio.