PVH Corp news and archive

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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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...

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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...

Donald Kohler to join as president, Calvin Klein Americas

Donald Kohler will be joining as president, Calvin Klein Americas on March 13, 2023, to lead the regional Calvin Klein business, and will report to Stefan Larsson, CEO of PVH Corp. The company said in a release that Kohler joins PVH and Calvin Klein with three decades of retail leadership experience. Over the past 15 years, he has led the...

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Tommy Hilfiger announces five finalists for Fashion Frontier Challenge

Tommy Hilfiger, owned by PVH Corp, has named five finalists for the fourth edition of its Tommy Hilfiger Fashion Frontier Challenge ahead of the finale on February 9, 2023. The challenge aims to accelerate inclusivity in fashion, amplifying historically marginalised entrepreneurs, including Black, Indigenous, People of Colour (BIPOC),...

Business

PVH appoints Sara Bland as chief strategy officer

Sara Bland will be joining PVH Corp. as executive vice president and chief strategy officer, on October 31, 2022. The company said she will join PVH’s executive leadership team (ELT) and report to CEO Stefan Larsson. Commenting on Bland’s appointment, Larsson said in a release: “Sara brings a rare combination of global strategy and operational...

Business

PVH appoints Ajay Bhalla to its board of directors

PVH Corp. has announced the appointment of Ajay Bhalla, president, cyber & intelligence at Mastercard International, to its board of directors. The company said his appointment is part of the Board’s on-going refreshment process, which is bringing together business leaders with a diverse range of experiences, backgrounds and perspectives to...

Business

PVH appoints David Savman as chief supply chain officer

PVH Corp. has appointed David Savman as executive vice president and chief supply chain officer (CSCO). The company said in a statement that he will join PVH in late 2022 from H&M Group where he spent 19 years, most recently as head of global supply chain. Savman succeeds Sarah Clarke, who is leaving PVH as of October 31, 2022 to pursue other...

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PVH reports strong earnings growth in Q1

For the first quarter, PVH Corp. revenue increased 2 percent or 7 percent on a constant currency basis to 2.123 billion dollars. The company’s earnings before interest and taxes were 210 million dollars compared to 197 million dollars on a GAAP basis and 249 million dollars on a non-GAAP basis in the prior year period. Earnings per share were...

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PVH sets 2025 revenue target of 12.5 billion dollars

PVH Corp. has announced PVH+ Plan, a roadmap for brand, digital and direct-to-consumer (DTC)-led sustainable, profitable growth through 2025 to deliver accelerated financial performance and long-term value creation. The company said in a release that leveraging the strength of its two global brands, Calvin Klein and Tommy Hilfiger and connecting...

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PVH Corp. posts strong revenue and earnings growth

Fourth quarter revenue at PVH Corp. increased 16 percent or 20 percent on a constant currency basis to 2.430 billion dollars compared to the prior year period. Earnings per share on a GAAP basis were 5.53 dollars for the fourth quarter compared to a loss per share of 81 cents in the prior year period. Earnings per share on a non-GAAP basis were...

Business

Michael Calbert to join PVH board of directors

Michael Calbert, chairman of the board of Dollar General Corporation, will join PVH Corp. board of directors, effective May 2, 2022. PVH also announced that Henry Nasella, its non-executive chair, will not stand for re-election at its June 16, 2022 annual meeting of stockholders. Nasella, the company said in a release, has served on the board...