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PVH Corp.

From Alfawiki
PVH Corp.
Company typePublic
IndustryApparel
PredecessorPhillips-Van Heusen Corporation
Founded1865; 161 years ago (1865)
Headquarters
Manhattan, New York
,
United States
Area served
Worldwide (including India, Sri Lanka, Bangladesh, China, Hong Kong, the Philippines, Indonesia, Mongolia, Thailand, Malaysia, Taiwan, Singapore, Vietnam, Honduras)
Key people
Stefan Larsson (CEO), Emanuel Chirico (Chairman)
ProductsApparel and accessories (brands include Tommy Hilfiger, Calvin Klein)
Number of employees
120,000 (2023)
Websitewww.pvh.com

PVH Corp., previously known as the Phillips-Van Heusen Corporation, is a prominent American apparel company that owns well-known labels including Tommy Hilfiger and Calvin Klein. Additionally, it holds licensing agreements for brands such as Kenneth Cole New York and Michael Kors.[1] The company’s name partially honors John Manning van Heusen, a Dutch immigrant who, in 1910, developed an innovative technique to bond fabric along a curve.[2]

Organization

Template:Update section PVH’s headquarters are located in Manhattan, New York,[3] while its strategic decision-making offices operate out of Bridgewater, New Jersey. Manufacturing facilities are situated across several U.S. locations, including Jonesville, North Carolina, McDonough, Georgia, and Palmetto, Georgia.[4]Template:Fix/category[better source needed]

In September 2020, PVH revealed that Stefan Larsson would assume the role of Chief Executive Officer starting February 1, 2021, taking over from Emanuel Chirico, who continues to serve as chairman.[5]

By April 2023, PVH employed approximately 120,000 individuals worldwide and maintained operations in multiple countries including India, Sri Lanka, Bangladesh, China, Hong Kong, the Philippines, Indonesia, Mongolia, Thailand, Malaysia, Taiwan, Singapore, Vietnam, and Honduras.[4]

19th to early 20th century

The origins of Phillips-Van Heusen partially trace back to Dramin Jones, an immigrant from Prussia who established the shirt manufacturing firm D. Jones & Sons around 1865. Independently, in 1881, Moses Phillips and his wife Endel began handcrafting shirts and selling them directly from pushcarts to anthracite coal miners in Pottsville, Pennsylvania. This venture expanded into a shirt enterprise based in New York City, notable for placing one of the earliest shirt advertisements in the Saturday Evening Post. Following Dramin Jones’s passing in 1903, D. Jones & Sons merged with M. Phillips & Sons in 1907, forming Phillips-Jones. Subsequently, Isaac Phillips partnered with John Van Heusen, which led to the creation of their most renowned shirt line, Van Heusen. This collaboration culminated in Phillips-Jones acquiring Van Heusen and rebranding as Phillips-Van Heusen in 1957.

20th century

In 1919, the Phillips-Jones Corporation secured a patent for a collar that folded itself; this innovation was launched commercially in 1921 and achieved widespread success. The company introduced the first shirt featuring an attached collar in 1929. The Bass Weejun shoe made its debut in 1936. Geoffrey Beene shirts were added to the portfolio in 1982. Phillips-Van Heusen expanded through acquisitions: G. H. Bass was purchased in 1987, followed by Izod in 1995, Arrow in 2000, and Calvin Klein in 2002.

21st century

In 2004, PVH commenced production of apparel for the Donald J. Trump Signature Collection under a licensing contract with Donald Trump.

Following its acquisition of Superba, Inc. in January 2007, PVH held necktie licenses for numerous brands including Arrow, DKNY, Tommy Hilfiger, Nautica, Perry Ellis, Ted Baker, Michael Kors, JOE Joseph Abboud, Original Penguin, and Jones New York. Starting in 2008, the company began manufacturing men's clothing under the Timberland brand via a licensing agreement, expanding to women's apparel in 2009.

On March 15, 2010, PVH completed the $3 billion acquisition of Tommy Hilfiger. However, due to losses incurred by the "Van Heusen" brand during the third quarter of 2010, PVH decided to withdraw this label from all European markets. By March 2011, the company no longer offered products under that name in Europe and had eliminated all related European personnel.

In 2011, Phillips-Van Heusen officially rebranded itself as PVH.

PVH further expanded in February 2013 by acquiring the Warnaco Group, which held licensed manufacturing rights for Calvin Klein underwear, jeans, and sportswear lines—thereby consolidating full control over the Calvin Klein brand. This acquisition also brought Warner's and Olga intimate apparel brands along with the North American rights to the Speedo swimwear line. Later that year, in November 2013, PVH divested the G.H. Bass brand and its associated assets and licenses to G-III Apparel Group.

The company ended its licensing partnership with Donald Trump in July 2015 after Macy's ceased carrying the Trump Signature Collection following controversial remarks made by Trump concerning undocumented immigrants.

In 2017, Forbes ranked PVH as number 25 among 890 companies on its "Just Company" list.

March 2017 saw PVH acquire lingerie brand True & Co..

By June 2018, PVH had purchased the Geoffrey Beene clothing brand, which it had previously produced under license. On August 28, 2018, PVH announced plans to expand the Izod brand into select European markets starting with the Fall/Winter 2018 collection.

In December 2019, CNBC reported that PVH was among 92 Fortune 500 companies that paid an effective federal tax rate of zero or less in 2018 as a result of the Tax Cuts and Jobs Act of 2017.

In January 2020, PVH sold its rights to the Speedo swimwear brand—previously marketed as "Speedo USA" and "Speedo North America"—back to Speedo's global parent company, the British-based Pentland Group, for $170 million.

By May 2021, PVH was considering divesting its Heritage Brands division—which included Van Heusen, Izod, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene—with Authentic Brands Group identified as a potential purchaser. The sale was officially announced on June 23, 2021, encompassing Izod, Van Heusen, Arrow, and Geoffrey Beene brands. The transaction closed on August 2, 2021. Under Authentic Brands Group ownership, United Legwear & Apparel Company obtained licensing rights for Van Heusen, Arrow, and Geoffrey Beene brands, while Centric Brands received licensing for Izod. Subsequently, in November 2023, Warner's, Olga, and True&Co were sold to Basic Resources.

In July 2022, PVH introduced its inaugural sustainable supply chain finance initiative in collaboration with HSBC Bank USA.

On February 4, 2025, China added PVH Corp. to its "Unreliable Entities List" as part of retaliatory measures against the second round of U.S. tariffs imposed during President Donald Trump's administration. PVH expressed surprise and profound disappointment at this designation, emphasizing its adherence to all applicable laws and industry standards while operating in China. Prior to this listing, Chinese authorities had been investigating PVH for allegedly boycotting cotton sourced from Xinjiang.

Distribution

PVH distributes its merchandise to numerous well-known department stores, including JCPenney, Macy's, Myer, David Jones, Kohl's, Belk, and Dillard's, as well as through the online marketplace Amazon. This is accomplished via both its proprietary labels and through private label partnerships. Additionally, PVH markets its products directly to consumers through approximately 700 outlet stores operating under the brand names Van Heusen, Tommy Hilfiger, and Calvin Klein.Template:Fix/category[citation needed]

Unlike typical outlet locations, Calvin Klein stores offer the entire product assortment at standard retail prices. These outlets vary in size, generally ranging from 10,000 square feet (930 m2) up to 20,000 square feet (1,900 m2).[6]

The brands target different market segments by price point: for dress and business-casual attire, the ranking from most affordable to premium is Arrow, Van Heusen, Geoffrey Beene, Pierre Cardin, and Calvin Klein. Within the preppy category, Izod occupies a mid-tier price range, while Tommy Hilfiger serves a higher-end market.

In 2008, Phillips-Van Heusen discontinued its Geoffrey Beene outlet retail operations. About 25 percent of these outlet locations were converted into Calvin Klein stores, whereas the remaining 75 percent were permanently shuttered.[7][6] The company maintained licensing agreements for Geoffrey Beene branded dress shirts and men's sportswear until 2018, when it fully acquired the brand. Due to increased competition from more upscale brands in outlet retailing, PVH ceased its Izod retail division in 2015; however, this did not impact Izod’s wholesale distribution to department stores and e-commerce platforms. Certain Izod items have since become available at select Van Heusen stores—initially limited to golf apparel but later expanded to include other lines such as Advantage and Saltwater. In July 2018, PVH introduced a direct-to-consumer online shopping experience on both the Izod and Van Heusen websites, allowing customers to browse and purchase products across both brands seamlessly. On July 14, 2020, PVH revealed plans to close its remaining Heritage Brands retail outlets primarily operating under the Van Heusen/Izod Golf banners.Cite error: The opening <ref> tag is malformed or has a bad name Despite these closures, the Izod and Van Heusen brands continue in wholesale channels supplying department stores, warehouse clubs, and online retailers. The direct e-commerce platforms for these brands will also remain operational.

Marketing

In October 2007, PVH acquired the naming rights for the arena at the Meadowlands Sports Complex in East Rutherford, New Jersey. Consequently, the venue was rebranded as the Izod Center, with the change taking effect on October 31, 2007. PVH initially invested approximately $1.4 million annually for a two-year period, followed by payments of $750,000 per year thereafter, which also covered outfitting arena staff with Izod apparel. The Izod Center ceased operations permanently in 2015.

Environmental practices

In July 2011, PVH was among several prominent fashion and sportswear companies—including Nike, Adidas, and Abercrombie & Fitch—featured in an environmental investigation conducted by Greenpeace titled "Dirty Laundry." The report implicated PVH's suppliers in China for contributing to pollution in the Yangtze and Pearl River regions. Testing at facilities owned by the Youngor Group in the Yangtze River Delta and by Well Dyeing Factory Ltd., situated on a tributary of the Pearl River Delta, detected harmful and persistent endocrine-disrupting substances such as alkylphenols, perfluorinated compounds, and perfluorooctane sulfonate.

In 2020, PVH unveiled sustainability initiatives for its Izod and Van Heusen labels, committing to eliminate single-use plastics from packaging by 2024 and to source 100% sustainable materials—including cotton, polyester, and nylon—by 2025.

Animal Welfare Practices

Questions have been raised regarding PVH's approach to animal testing.

In 2020, PVH declared that under their animal welfare guidelines, the company refrains from using exotic animal skins. Furthermore, they committed to eliminating such materials from the Tommy Hilfiger and Calvin Klein product lines once their annual policy update is published.

See also

References

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External links

Template:Finance links

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