PVH Corp. news and archive

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...

FashionFeatured

Tommy Hilfiger launches first-ever recommerce offering in the UK

Tommy Hilfiger, which is owned by PVH Corp., is launching a six-month partnership with My Wardrobe HQ, Europe’s leading fashion re-commerce platform to introduce fashion rentals in the UK. Launching on June 16, Tommy Hilfiger’s rental pilot, powered by My Wardrobe HQ, will offer UK consumers the opportunity to rent or buy womenswear, footwear...

Business

PVH Corp. to close Ethiopian manufacturing facility

PVH Corp. has announced it will close its manufacturing facility in Ethiopia. The news was reported by Business of Fashion. PVH said their reason for shutting down the facility is due to the Ethiopian government’s current conflict with forces aligned with the Tigray People’s Liberation Front. The manufacturing facility opened in 2018 and was...

BusinessFeatured

PVH sells Heritage Brands business to Authentic Brands Group, updates outlook

PVH Corp. has signed an agreement to sell certain intellectual property and other assets of its Heritage Brands business to Authentic Brands Group (ABG) and will exit its Heritage Brands business. The company said in a release that the cash purchase price for the transaction is approximately 220 million dollars and the transaction includes the...

BusinessFeatured

PVH posts Q1 profit, raises outlook

First quarter revenue at PVH Corp. increased 55 percent to 2.079 billion dollar and increased 46 percent on a constant currency basis compared to the prior year period. Earnings per share on a GAAP basis was 1.38 dollars compared to a loss per share of 15.37 dollars in the prior year period, while earnings per share on a non-GAAP basis were 1.92...

BusinessFeatured

PVH reports drop in Q3 revenue and earnings

Third quarter revenues at PVH Corp. decreased 18 percent or 21 percent on constant currency to 2.118 billion dollars compared to the prior year period. The company said, this revenue decrease was due to a 12 percent or 16 percent decrease on a constant currency basis in the Tommy Hilfiger business with Tommy Hilfiger North America revenue down...

BusinessFeatured

PVH posts Q1 loss, revenues fall 43 percent

PVH Corp. said in a statement that its business was significantly impacted by the Covid-19 pandemic during the first quarter of 2020, resulting in an unprecedented decline in revenue and earnings, including 962 million dollars of pre-tax non-cash impairment charges during the quarter. First quarter revenue decreased 43 percent to 1.344 billion...

FashionFeatured

PVH Corp. makes a stand against racism

Joining other fashion companies who have shown solidarity with the Black Lives Matter movement since the senseless death of George Floyd, who was killed by police last week in Minneapolis, Minnesota, PVH Corp., which owns Calvin Klein and Tommy Hilfiger, has stated that it is “reaffirming” its commitment to the black community by taking a stand...

Business

PVH Corp. donates to Australian Bushfire Relief

PVH Corp., one of the world’s largest apparel companies and owner of brands, including Calvin Klein, Tommy Hilfiger and Van Heusen, has donated 100,000 Australian dollars to the Australian Red Cross Disaster and Recovery Fund. Australia has been under siege from bushfires since September, with the blazes claiming at least 25 people and leaving...