Calvin Klein news and archive

PVH shares plunge after trading announcement

Tommy Hilfiger and Calvin Klein parent PVH Corp. experienced a significant 20 percent drop in its shares during late trading following the release of its full-year sales guidance, which failed to meet market expectations. The group anticipates a decline in revenue for the year by 6 to 7 percent, in contrast to a 2 percent increase recorded last...

BusinessFeatured

Tommy Hilfiger, Calvin Klein parent PVH projects weak outlook

PVH projects fiscal 2024 revenue to decrease 6 percent to 7 percent on current and constant exchange basis compared to 2023 , inclusive of a 2 percent reduction related to the sale of the Heritage Brands women’s intimates business and a 1 percent reduction from the 53rd week in 2023. First quarter revenue is also expected to decrease...

Fashion

ASA reverses decision on FKA Twigs’ Calvin Klein ad

Following monumental backlash at its decision to ban the ad, the UK’s Advertising Standards Authority (ASA) has said that it has reversed its opinion that a Calvin Klein campaign featuring FKA Twigs was “sexually explicit”. As such, the watchdog has revoked its ban on the ad after what it said was “careful thought” that led to the conclusion...

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

Fashion

FKA Twigs responds to Calvin Klein campaign image ban: 'double standards'

FKA Twigs has defended Calvin Klein's campaign image that has been banned in the UK. The ad was labeled "too sexualising" by the Advertising Standards Authority (ASA), the UK's independent regulator of advertising in all media. The image shows FKA Twigs in an open denim shirt, showing the side of her buttocks and half of a breast. The...

BusinessFeatured

Calvin Klein to restructure European operations, job losses expected

Calvin Klein is understood to be planning a restructuring of its European operations amid an ongoing strategy to refocus on the US business, with staff layoffs expected. The premium label has its sights set on a renewed global structure through the revamp, led by global president Eva Serrano, who had joined the company in March 2023 and now...

Fashion

A Calvin Klein ad featuring FKA Twigs is banned

A Calvin Klein advertisement featuring British singer and performance artist FKA Twigs has been banned following complaints about its "overly sexualized" content. The poster displayed FKA Twigs in a denim shirt drawn halfway around her body, revealing a portion of her buttocks and half of one breast, accompanied by the text "Calvins or nothing."...

BusinessFeatured

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

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...

BusinessFeatured

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...

BusinessFeatured

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...