COMMUNICATION TO MARKET COMPLETION OF THE ACQUSITION OF LICENSE RIGHTS BY JOINT VENTURE BETWEEN INBRANDS AND TOMMY HILFIGER São Paulo and New York, January 4, 2013 – Inbrands S.A., a publicly held company with no shares registered for trade (“Inbrands”), announces, that it has completed the transactions previously announced in its Communication to Market issued on November 12, 2012 pursuant to which Tommy Hilfiger do Brasil S.A. (the “JV”), Inbrands’ joint venture with Tommy Hilfiger B.V. (“Tommy Hilfiger”), a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and American Sportswear S.A. (“ASSA”) acquired the rights to operate, manage and distribute Tommy Hilfiger brand apparel products in Brazil for a minimum term of 10 years. About Inbrands Inbrands is a leading platform for the managing and consolidation of lifestyle and premium fashion brands regarded as “iconic brands” in Brazil. Inbrands´ focus is the acquisition, development and professional and efficient management of high end renowned brands with potential for high returns, innovation and wide distribution and exposure in Brazil. Inbrands has a multichannel distribution network with nationwide presence and a flexible production model. About The Tommy Hilfiger Group With a premium lifestyle brand portfolio that includes Tommy Hilfiger, Hilfiger Denim and Tommy Girl, the Tommy Hilfiger Group is one of the world’s most recognized designer apparel groups. Its focus is designing and marketing high-quality menswear, womenswear, children’s apparel and denim collections. Through select licensees, the Group offers complementary lifestyle products such as sportswear for men, women, juniors and children; footwear; athletic apparel (golf, swim and sailing); bodywear (underwear, robes and sleepwear); eyewear; sunwear; watches; handbags; men’s tailored clothing; men’s dress furnishings; socks; small leather goods; fragrances; home and bedding products; bathroom accessories; and luggage. The Hilfiger Denim product line consists of jeanswear and footwear for men, women and children; bags; accessories; eyewear and fragrance. Merchandise under the Tommy Hilfiger brands is available to consumers worldwide through an extensive network of Tommy Hilfiger retail stores, leading specialty and department stores and other select retailers and retail channels. About PVH Corp. PVH Corp., one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands, including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos. 1372834v1 About ASSA The American Sportswear Group is the distributor of Tommy Hilfiger and Hilfiger Denim for Latin America and the Caribbean. Since 1986, the company has been distributing the various Tommy Hilfiger products in such regions. A leader in its sector, the American Sportswear Group represents a line of products which includes: apparel, menswear, womenswear, children’s apparel and licensed products such as footwear, fragrance and accessories. São Paulo, January 4, 2013 __________________________________ Vitorio Perin Saldanha Chief Financial and Investors’ Relations Officer 1372834v1 .