PVH Corp news and archive

US fashion group PVH says 'deeply disappointed' over China sanctions

US firm PVH, which owns Tommy Hilfiger and Calvin Klein, said Wednesday it was "deeply disappointed" by China's decision to place it on the country's sanctions list. Beijing on Tuesday added the fashion group and biotech giant Illumina to its list of "unreliable entities" -- part of a swath of measures against US businesses in China in an...

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PVH Corp. reports better than predicted revenue for Q3 as turnaround plan continues

New York-based fashion giant PVH Corp. reported that revenue declined less than expected during its third quarter for 2024, dropping 5 percent to 2.255 billion dollars compared to the same period the year prior. The company, which owns iconic fashion brands such as Calvin Klein and Tommy Hilfiger, added that it outperformed its earlier...

PVH Corp. reports better than predicted revenue for Q3 as turnaround plan continues

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Lego Group CFO Jesper Andersen joins PVH board of directors

PVH Corp. has announced the appointment of Jesper Andersen, executive vice president and chief financial officer of the Lego Group, to its board of directors. He has also been appointed to the board’s audit and risk management committee. Commenting on the new addition to the board, Stefan Larsson, PVH chief executive officer, said in a release:...

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Fredrik Olsson to join PVH as CEO of EMEA region

PVH Corp. has appointed Fredrik Olsson as CEO of PVH EMEA. Olsson, the company said in a release, will join the company in the fourth quarter and report to Stefan Larsson, CEO of PVH Corp. He will relocate to Amsterdam together with his family and be based in PVH’s EMEA regional headquarters office. Commenting on the new appointment, Larsson...

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PVH Q2 sales drop but earnings beat estimates

Second quarter revenue at PVH of 2.074 billion dollars decreased 6 percent or 5 percent on a constant currency basis, including a 3 percent decline resulting from the sale of the Heritage Brands women’s intimates business. The company’s EBIT on a GAAP basis increased to 174 million dollars, while EBIT on a non-GAAP basis was 189 million dollars,...

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Kate Gulliver joins PVH board of directors

PVH Corp. has appointed Kate Gulliver, chief financial officer and chief administrative officer at Wayfair Inc., to its board of directors, effective immediately. The company said in a statement that Gulliver has also been appointed to the board’s audit & risk management committee. Commenting on Gulliver’s appointment to the board, Stefan...

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PVH raises earnings outlook, announces departure of Tommy Hilfiger CEO

First quarter revenue at PVH decreased 10 percent or 9 percent on a constant currency basis to 1.952 billion dollars, which exceeded guidance of a decrease of approximately 11 percent or 10 percent on a constant currency basis. PVH also announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, will be leaving the company. He...

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PVH appoints Tommy Hilfiger North America president; chief people officer

PVH Corp. has announced the appointment of Sophia Hwang-Judiesch as the president of Tommy Hilfiger North America and promotion of Amba Subrahmanyam to chief people officer. Hwang-Judiesch joins the company on January 8, 2024 and will report to Stefan Larsson, CEO of PVH. The company also said that both leaders will join PVH’s executive...

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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...

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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...

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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...