Phillips news and archive

Patek Philippe watch fetches record 11 million dollars at auction

A stainless steel Patek Philippe watch has sold for a record 11 million dollars (10.2 million euros) in Geneva, an auction house said Monday. The piece from the Swiss company's 1518 series sold on Saturday for 11,002,000 Swiss francs following a 13-minute bidding war, according to a statement from Phillips, a leading watch auction firm based in...

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Culture

Mert & Marcus exhibition to debut in London

London-based fashion photography duo Mert Alas and Marcus Pigott, better known as Mert & Marcus, are to exhibit a collection of their work from 2001 and 2014 for the first time. Turkish-born Alas and Welshman Pigott met in 1994, and have collaborated on some of modern fashion's most iconic campaigns and shoots, from Gucci to Miu Miu to Loewe and...

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Fashion

PPR refuses to raise Puma bid

PPR has ruled out the possibility of raising its â‚¬5.3 billion bid for Puma. Speaking at a joint press conference of the two companies, PPR chief executive Francois-Henri Pinault said that he would not be offering more, although Puma's share price had risen from â‚¬330 that PPR is paying per share to â‚¬343.36 last week Thursday. â€œI won't...

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Fashion

PVH earnings surge

Fashion concern Phillips-Van Heusen Corp reported a rise in second quarter earnings of 23.2 percent, thanks to the strong performance of the Calvin Klein licensing business. Its fragrance Euphoria did particularly well. "The strength of the Calvin Klein brand and our execution of the strategies we have implemented for that brand continue to fuel...

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Fashion

Klatsky partners in private equity

Bruce Klatsky, the former chief executive of Phillips-Van Heusen, has emerged from a brief retirement to become partner in a new private equity firm, writes WWD. The firm, called LNK Partners, is expected to be involved in the acquisition of retail and apparel companies. Klatsky stepped down from PVH in June. He will now be working with Apax...

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Fashion

Philips-Van Heusen Q2 leap

American fashion group Philips-Van Heusen Corp has reported a leap in secons quarter earnings, thanks to strong sales of men's sportswear and dress shirts. Quarterly earnings climbed from $13.0 million (£7.21 million) in the same period last year to $23.5 million. Meanwhile net income dropped to $6.1 million from $7.7 million last year. However,...

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Fashion

Phillips-Van Heusen income up

US based apparel producer Phillips-Van Heusen Corporation reported net income of $25 million (GBP 14 million) for the first quarter 2005. Total revenues in the first quarter climbed 25 per cent to $472.1 million from $378.2 million in the same period last year. The improvement was due to the revenue increases in the company's wholesale dress...

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Fashion

Philips-Van Heusen Acquires Arrow

Men's clothing manufacturer Phillips-Van Heusen Corp. agreed to acquire the Arrow brand worldwide and related licenses from Cluett American Group for about USD70 million. Van Heusen, whose brands include Calvin Klein, has operated the men's Arrow dress shirt and sportswear businesses in the U.S. since 2000, under a long-term licensing agreement...

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Fashion

Philips-Van Heusen Acquires Arrow

Men's clothing manufacturer Phillips-Van Heusen Corp. agreed to acquire the Arrow brand worldwide and related licenses from Cluett American Group for about USD70 million. Van Heusen, whose brands include Calvin Klein, has operated the men's Arrow dress shirt and sportswear businesses in the U.S. since 2000, under a long-term licensing agreement...

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Fashion

Calvin Klein Boosts PVH results

Phillips-Van Heusen Corporation has posted better-than-expected Q3-results boosted by growth in its Calvin Klein business. The company reported third-quarter net income of $26.7 million compared with last year's $17.0m. Like-for-like profit during the three-month period rose to $30.6m which ahead of the company's previous earnings guidance. The...

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Fashion

Phillips-Van Heusen Q2 earnings up

Phillips-Van Heusen Corp. said its net income rose, but earnings per common share halved due to costs related to its Calvin Klein acquisition, preferred dividend expenses and an increase in the number of shares outstanding. For the second quarter the company posted earnings of $9 million compared with $7.9 million a year earlier. The results...

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