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PVH, owner of Calvin Klein and Tommy Hilfiger, and German retailer Tchibo, have signed up.
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Assets: Family owns all of Tchibo Holding AG, 26% of skin care products maker Beiersdorf AG and 75% of Reemtsma, the cigarette company.
FORBES: Europe
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However, cheaper competitors, including supermarkets and Tchibo, a coffee seller that also flogs cheap but presentable clothing and household goods, have their eye on the market too.
ECONOMIST: KarstadtQuelle
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So far, U.S. company PVH, owner of Calvin Klein and Tommy Hilfiger, and German retailer Tchibo have signed up to the program, but it needs a critical mass of brand support to be implemented.
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