PVH Corp news and archive

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...

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...

Fashion

Fashion for Good launches the Renewable Carbon Textiles Project

Sustainable fashion initiative Fashion for Good has launched a project to accelerate the development of Polyhydroxyalkanoates or PHA polymer fibres, a biosynthetic alternative to fossil-based fibres. The production of virgin fossil-based polyester fibres contributes to an increase in greenhouse gas emissions. Biosynthetics made from renewable...

People

PVH announces departure of CFO and Calvin Klein CEO

PVH Corp. has announced two leadership updates to its global organization. The company said, Mike Shaffer and Cheryl Abel-Hodges will be leaving PVH in the coming months. Shaffer, chief operating and financial officer, will be leaving in September to pursue other opportunities and Abel-Hodges will be stepping down as CEO of Calvin Klein and...

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...

Fashion

Calvin Klein partners with Heron Preston for collection

Calvin Klein has linked with American artist, DJ, and creative director, Heron Preston for a new collection based on essential wardrobe pieces with eye-catching details. The Heron Preston For Calvin Klein collection was inspired by the uncommon yet universal clothes that everyone wears. “I just wanted to find a universal language that speaks to...

Business

PVH Corp. links with Americares for a global disaster relief program

PVH Corp., the parent company to brands like Tommy Hilfiger and Calvin Klein, announced it has joined the Americares Emergency Response Partner Program to help prepare for natural disasters worldwide. The company will provide annual funding to Americares, a health-focused relief and development non-profit organization that helps people affected...

BusinessFeatured

PVH posts sales decline in Q4, projects positive outlook

Fourth quarter revenue at PVH Corp. decreased 20 percent or decreased 23 percent on a constant currency basis to 2.090 billion dollars compared to the prior year period. Loss per share on a GAAP basis was 81 cents compared to 93 cents in the prior year period and loss per share on a non-GAAP basis was 38 cents compared to earnings per share of...

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...

Business

PVH announces two new additions to its board of directors

PVH Corp. has appointed Allison Peterson, Chief Customer Officer for Best Buy Co., Inc., and George Cheeks, President and CEO of the CBS Entertainment Group, to its board of directors. The company said in a statement that their deep experience in successfully navigating consumer disruption will provide perspective as PVH continues to evolve as...

Business

Tommy Hilfiger names Avery Baker as Chief Brand Officer

Tommy Hilfiger, owned by PVH Corp. has appointed Avery Baker as President and Chief Brand Officer, effective November 17, 2020. In the newly established role, the company said in a statement, Baker has global responsibility for the brand’s products, marketing and experiences across all categories, regions and channels. “Avery has a deep...

BusinessFeatured

PVH sales drop by 33 percent, expects 25 percent decline in H2 revenues

For the second quarter, PVH Corp said that the results exceeded the company’s expectations despite continued disruption from the Covid-19 pandemic with revenue decrease of 33 percent to 1.581 billion dollars compared to the prior year period. The company’s revenue through its digital channels grew over 50 percent, with sales through its directly...