PVH news and archive

PVH raises earnings outlook, reports strong Q3

Third quarter revenue increased 4 percent or 1 percent on a constant currency basis to 2.363 billion dollars compared to the prior year period. The company said EBIT on a GAAP basis was 230 million dollars compared to negative 214 million dollars in the prior year period, while EBIT on a non-GAAP basis was 249 million dollars compared to 220...

Business

PVH to sell Warners, Olga and True & Co. businesses to Basic Resources for 160 million dollars cash

Fashion company PVH Corp. (PVH), which owns Calvin Klein and Tommy Hilfiger brands, announced Monday its agreement to sell Warners, Olga and True & Co. businesses to Basic Resources, a private, family-owned manufacturer of apparel for consumer brands. The all-cash sale price is 160 million dollars, subject to adjustment. The consideration also...

Report

PVH names new global brand president for Tommy Hilfiger

A new global brand president for Tommy Hilfiger has been announced by the brand’s parent company PVH, which stated in a release that Lea Rytz Goldman was to be taking on the role. Expected to join the company by spring 2024, Rytz Goldman builds on the conglomerate’s ongoing PVH+ Plan, dedicated to uplifting the Tommy Hilfiger and Calvin Klein...

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Calvin Klein names Eva Vidal Dans as chief product officer

Calvin Klein has announced the appointment of Eva Vidal Dans as chief product officer, effective immediately. The company said in a statement that she will report to Eva Serrano, the company’s global brand president. Commenting on the new appointment, Eva Serrano said: “Eva Vidal Dans is a seasoned merchandising and product executive whose...

Report

Tommy Hilfiger names new global CMO

PVH’s Tommy Hilfiger has announced the appointment of Virginia Ritchie as its new global chief marketing officer, a role through which she will oversee all aspects of the company’s global marketing organisation. Ritchie, who will report to CEO of Tommy Hilfiger Global and PVH EMEA, Martijn Hagman, has been a part of the brand’s parent company...

ManagementFeatured

PVH post Q2 revenue growth, raises EPS outlook

Second quarter revenue at PVH increased 4 percent or 2 percent in a constant currency basis to 2.207 billion dollars versus its guidance for an increase of low single-digits. Commenting on the trading update and outlook, Stefan Larsson, chief executive officer of PVH said in a statement: “We delivered another strong quarter across both Calvin...

People

PVH implements further job cuts in streamlining efforts

PVH, the parent company of Calvin Klein and Tommy Hilfiger, has announced additional job cuts as part of its ongoing streamlining strategy. The group previously revealed plans to reduce "people costs" by 10 percent by the end of 2023. The new round of cuts is anticipated to incur a severance expense of approximately 50 million dollars. These...

ManagementFeatured

PVH reports uptick in Q1 sales, reaffirms FY outlook

Tommy Hilfiger parent company PVH has reaffirmed its full-year outlook after reporting a 2 percent increase in revenue in the first quarter, beating its Q1 guidance. The US fashion giant generated revenue of 2.158 billion dollars in the first quarter, up from 2.123 billion dollars a year earlier, as growth in its DTC business offset a drop in...

ManagementFeatured

Tommy Hilfiger and Calvin Klein drive revenue growth at PVH

Fourth quarter revenue at PVH Corp. increased 2 percent or 8 percent on a constant currency basis to 2.489 billion dollars. Tommy Hilfiger revenue increased 3 percent or 10 percent on a constant currency basis, Calvin Klein revenue increased 3 percent or 8 percent on a constant currency basis and Heritage Brands revenue decreased 10 percent...

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PVH appoints Amber McCann as chief communications officer

PVH Corp. has announced the appointment of Amber (McCasland) McCann as executive vice president and chief communications officer, effective April 6, 2023. McCann, the company said in a statement, a highly experienced corporate communications executive, will lead all aspects of PVH’s global internal and external communications strategy and report...

EventPress Release

AAFA announces board of directors leadership and election results for 2023-2024

The American Apparel & Footwear Association announced the renewal of its Board of Directors leadership, and the addition of 16 new and re-elected Board members. The following individuals were confirmed as AAFA’s Board of Directors leadership for the 2023-2024 term: Ted Dagnese, lululemon athletica – Chair Josue Solano, BBC International – Vice...

Business

PVH joins Carbios’ fibre-to-fibre consortium

Fashion group PVH Corp. has joined a circular fashion consortium which was founded by biotech company Carbios alongside On, Patagonia, Puma and Salomon. The group’s mission is to push the transition to a circular economy within the textile industry, collaborating to test and enhance biological recycling technology on the brands’ own products....