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He was married for 10 years to Jayne Centre, with the couple having a daughter, Marci.He later wed Kelly Rector in 1986, with the couple divorcing in 2006 on amicable terms after years of living separately.
The company faced major financial difficulty in the ‘90s and was saved by a financial bailout from friend David Geffen. later filed a suit in 2000 against its licensee Warnaco Group for breaching contractual agreements and trademark law.In 1968, he and Charles Schwartz opened their own company, with Schwartz running the business side of things and Klein responsible for design and artistic vision.The label was initially recognized for suits and coats, but Klein's sportswear line became popular as well.Klein worked in various industry jobs before starting his own label.In 1968, he and his childhood friend Charles Schwartz became business partners when Schwartz took over his own family grocery business and gave Klein ,000 to start the label.
Over time an array of models, actors, athletes and performing artists have been featured in Calvin Klein campaigns, including Tom Hintnaus (the first Klein male underwear model), Lisa “Left Eye” Lopes, Antonio Sabato Jr., Zoe Saldana, Djimon Hounsou, Mehcad Brooks, Justin Bieber, Kendall Jenner, Travis Fimmel, Natalia Vodianova, Carolyn Murphy, Eva Mendes and FKA Twigs.