From making shirts by hand to a group that aims to defy Inditex. PVH has built, through acquisitions, a portfolio of firms that highlight two of the most internationally renowned fashion brands, Calvin Klein and Tommy Hilfiger.
The executive, who joined the PVH group brand in October 2023, has left the brand in parallel to the departure of global president Eva Serrano, as confirmed by Modaes. Both Spaniards came from Inditex.
Tensions between the two companies began in 2022, following PVH's CEO's decision to regain control over the women's lines of both brands, which would affect almost half of G-III's business.
The Spanish company, one of the world’s leaders in denim, will continue to be led by Carlos Ortega. The company is in the middle of a reorientation of its business and just refinanced its debt.
Bestseller, Gap, Li&Fung, PVH, Target, VF Corporation or Target are some of the big fashion retailers that participate in the Life and Building Safety Initiative (Labs) platform to promote safety in the factories located in these countries.
Company’s president has pointed that the group can bill 100 million dollars more because of Tommy Hilfiger’s sportive clothing line sale in Dillard’s and Amazon this year.
The American group, owner of Calvin Klein and Tommy Hilfiger, closed the first three months of 2019 exercise with a net benefit of 81.6 million dollars (73.2 million euros).
The group moves forward with the strategy of directly controlling its brands in all international markets. PVH will pay six euros for the shares of its local partner in Australia.
The Belgic designer’s creative proposal for recent collections was not well received by the group’s leadership who regarded it as expensive, extravagant and distant from the brand’s DNA.
The e-commerce group, one of the biggest in Europe regarding volume of business, has appointed Sara Díez as new vice-president of the woman category. Her designation coincides with the Sergio Odriozola’s departure from the company.
The US retailer, also owner of Calvin Klein, posted a net income of 179.4 million dollars (154,5 million euros) in the first three months of fiscal year. PVH’s turnover reached 2,314.6 million dollars.