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PVH Corp. (PVH) drives global fashion through iconic brands like Calvin Klein and Tommy Hilfiger. This news hub provides investors and industry professionals with essential updates from the apparel leader.
Track official press releases, financial disclosures, and strategic developments affecting PVH's market position. Our curated feed includes earnings reports, sustainability initiatives, leadership changes, and partnership announcements.
Stay informed about wholesale distribution updates, licensing expansions, and retail innovations across PVH's 40+ country operations. Content is verified through primary sources to ensure reliability for investment research and market analysis.
Bookmark this page for real-time access to PVH's corporate communications and industry-impacting news. Check regularly for updates shaping the future of branded apparel.
Calvin Klein, a subsidiary of PVH Corp, launched a global advertising campaign for the new men's fragrance Calvin Klein Defy, featuring actor Richard Madden. The campaign represents a journey of defiance, showcased through Madden's authentic moments. The fragrance, crafted by renowned perfumers, combines citrus, vetiver oil from Haiti, and amber notes, encapsulating modern masculinity. It's available in select countries and will roll out globally. To celebrate, a Twitch tournament will offer consumers a chance to engage with top streamers and win prizes.
PVH Corp. announced an update to its full year outlook, following a definitive agreement to sell certain assets of its Heritage Brands business to Authentic Brands Group for approximately $220 million. The projected revenue growth for 2021 is now estimated at 22% to 24%, adjusting from an earlier forecast of 24% to 26%. Earnings per share (EPS) guidance on a GAAP basis is raised to about $6.60, reflecting a pre-tax net gain from the sale. The company plans to use net proceeds for share repurchases and will reinstate its common stock dividend.
PVH Corp. (NYSE:PVH) has agreed to sell its Heritage Brands business assets to Authentic Brands Group for approximately $220 million. This transaction, expected to close in Q3 2021, includes trademarks for IZOD, Van Heusen, ARROW, and Geoffrey Beene. CEO Stefan Larsson emphasized the strategic shift towards higher-return businesses, focusing future growth on Calvin Klein and TOMMY HILFIGER. The company will retain its intimates and underwear divisions, while brands like Centric Brands will license parts of the sold operations.
PVH Corp. [NYSE:PVH] released its 2020 Corporate Responsibility report, highlighting advances in inclusion, diversity, and sustainability. Milestones include donating over $2 million for COVID-19 relief and delivering over 2 million PPE units. The report showcases a 15% rise in renewable energy usage, installing the world's most powerful solar roof in Venlo, and launching a circular business model that diverted 36,429kg of textile waste. PVH aims to protect garment workers and improve living wages, impacting 86% of its supply chain.
PVH Corp. has announced leadership changes alongside strong first-quarter earnings for 2021, exceeding guidance and raising the full-year outlook. Chief Operating and Financial Officer Mike Shaffer will depart in September, with a search for a successor underway. Cheryl Abel-Hodges, CEO of Calvin Klein, will transition to an advisory role effective July 1. CEO Stefan Larsson acknowledged their contributions and leadership in navigating recent challenges. PVH remains committed to its recovery and growth strategies, aiming to maintain its position in the global fashion market.
PVH Corp. reported a remarkable 55% revenue increase, totaling $2.079 billion for Q1 2021, driven by substantial growth across its Calvin Klein and Tommy Hilfiger brands. Digital commerce surged by 66%, while wholesale revenue rose by 53%. The gross margin improved to 59.1% from 49.5% the previous year, reflecting effective inventory management. Despite these gains, the company anticipates ongoing challenges from the pandemic, especially in North America, projecting a revenue growth of 24% to 26% for the full year 2021.
PVH Corp. (NYSE:PVH) is set to announce its first quarter 2021 earnings results on June 2, 2021, after market closure. The company will host a conference call on June 3, 2021, at 9:00 A.M. ET, featuring CEO Stefan Larsson and CFO Michael Shaffer. The call will be accessible via the company’s website, with a replay option available for 12 months. PVH is recognized as a leading fashion company, connecting with customers in over 40 countries and featuring global brands like Calvin Klein and TOMMY HILFIGER.
PVH Corp. (NYSE: PVH) has joined the Americares Emergency Response Partner Program to enhance global health-focused relief initiatives. The PVH Foundation will provide annual funding for emergency preparedness, response, and recovery efforts. This partnership builds on previous support during the Texas cold weather crisis. Americares, a leading nonprofit in disaster response, aids over 30 disasters yearly and has delivered over $19 billion in assistance globally. The collaboration aims to bolster PVH's corporate responsibility strategy, emphasizing climate change impact mitigation.
PVH Corp. (NYSE: PVH) reported a 20% decline in fourth quarter revenue to $2.09 billion, with significant impacts from the COVID-19 pandemic. Non-GAAP loss per share was $(0.38), down from earnings of $1.88 a year prior. The Tommy Hilfiger and Calvin Klein brands saw revenue drops of 16% and 17% respectively. Despite the challenges, CEO Stefan Larsson highlighted strong digital growth and disciplined expense management, ending the year with over $3 billion in liquidity. For 2021, PVH forecasts a revenue increase of 22%-24% compared to 2020 and aims for GAAP earnings of approximately $5.00 per share.
PVH Corp. has appointed Alegra O’Hare as the new Chief Marketing Officer for TOMMY HILFIGER Global, effective April 12, 2021. O'Hare is set to develop innovative global marketing strategies aimed at engaging both existing and emerging consumer generations. With over 25 years of experience, she has previously served as CMO at GAP and has worked with major brands like adidas and Bang & Olufsen. Her appointment is expected to enhance TOMMY HILFIGER's brand vision and market positioning in a changing consumer landscape.
