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Phillips-Van Heusen

#2658

Rank

$5.35B

Marketcap

US United States

Country

Phillips-Van Heusen
Leadership team

Mr. Stefan Larsson (CEO & Director)

Ms. Julie A. Fuller (Exec. VP & Chief People Officer)

Mr. James W. Holmes (Exec. VP & Controller)

Products/ Services
Children, Fashion, Women's
Number of Employees
1,000 - 20,000
Headquarters
New City, New York, United States
Established
1881
Company Registration
SEC CIK number: 0000078239
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
PVH
Social Media
Overview
Location
Summary
PVH Corp. operates as an apparel company worldwide. The company operates through six segments: Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's, women's, and children's apparel and accessories, including branded dress shirts, neckwear, sportswear, jeans wear, performance apparel, intimate apparel, underwear, swimwear, swim-related products, handbags, accessories, footwear, outerwear, home furnishings, luggage products, sleepwear, loungewear, hats, scarves, gloves, socks, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, fragrance, home bed and bath furnishings, small leather goods, and other products. The company offers its products under its own brands, such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, ARROW, Warner's, Olga, Geoffrey Beene, and True&Co., as well as various other owned, licensed, and private label brands. It also licenses its own brands over various products. The company distributes its products at wholesale in department, chain, and specialty stores, as well as through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations, as well as through digital commerce sites. It markets its products to approximately 40 countries. PVH Corp. was founded in 1881 and is based in New York, New York.
History

Trade names and early mergers

The history of Phillips-Van Heusen goes back in part to Dramin Jones, a Prussian immigrant who founded the shirt manufacturing company D. Jones & Sons, c. 1865. Separately, in 1881, Moses Phillips and his wife Endel began sewing shirts by hand and selling them from pushcarts to local anthracite coal-miners in Pottsville, Pennsylvania. This grew into a shirt business in New York City that placed one of the first ever shirt advertisements in the Saturday Evening Post. D. Jones & Sons merged with M. Phillips & Sons in 1907 under the name Phillips-Jones after Dramin Jones's death in 1903. Later Isaac Phillips met John Van Heusen, resulting both in their most popular line of shirts , and in the subsequent acquisition of Van Heusen by Phillips-Jones and its renaming to Phillips-Van Heusen in 1957. In 2011, Phillips-Van Heusen is renamed to PVH.

Acquisitions and divestitures

The Phillips-Jones Corporation received a patent for a self-folding collar in 1919; the corporation released the product to the public in 1921 and it became successful. The first collar-attached shirt was introduced in 1929. The Bass Weejun was introduced in 1936. Geoffrey Beene shirts were launched in 1982. In 1987, Phillips-Van Heusen acquired G. H. Bass. In 1995, the corporation acquired the Izod brand, followed by the Arrow brand in 2000, and the Calvin Klein company in 2002. In 2004, PVH began manufacturing clothing for the Donald J. Trump Signature Collection as part of a licensing agreement with Donald Trump.After acquiring Superba, Inc., in January 2007, PVH now owns necktie licenses for brands such as Arrow, DKNY, Tommy Hilfiger, Nautica, Perry Ellis, Ted Baker, Michael Kors, JOE Joseph Abboud, Original Penguin and Jones New York. The corporation began making men's clothing under the Timberland name in 2008, with women's clothing following in 2009, under a licensing agreement.On March 15, 2010, Phillips-Van Heusen acquired Tommy Hilfiger for $3 billion. In the third quarter of 2010 losses made on the "Van Heusen" brand led to the decision to pull it out of all European trading markets. As of March 2011 the company sells no products under that name in Europe. All European staff became redundant as a result.

In February 2013, PVH acquired Warnaco Group, which manufactured the Calvin Klein underwear, jeans and sportswear lines under license, thus consolidating control of the Calvin Klein brand. The Warnaco acquisition also added the Warner's and Olga intimate apparel brands, as well the Speedo swimwear brand . In November 2013 PVH sold the G.H. Bass brand and all of its assets, images and licenses to G-III Apparel Group.PVH ended its licensing agreement with Trump in July 2015, after Macy's discontinued sales of his Trump Signature Collection due to controversial comments that he made regarding illegal immigrants.In 2017 Forbes ranked PVH, 25 out of 890 companies on the "Just company" list.In March 2017, PVH acquired lingerie brand True & Co.In June 2018, PVH acquired the Geoffrey Beene clothing brand, which PVH previously produced under license. On August 28, 2018, PVH announced that it would expand the Izod brand to portions of Europe beginning with the Fall/Winter 2018 collection.In January 2020, PVH sold back the rights for the Speedo swimwear brand, previously marketed under "Speedo USA" and "Speedo North America", back to Speedo's international parent, the British Pentland Group for $170 million.In May 2021, it was reported that PVH was exploring a sale of the Heritage Brands division consisting of Van Heusen, Izod, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene, with Authentic Brands Group as a potential buyer. The sale to ABG was officially announced on June 23, 2021, consisting of Izod, Van Heusen, Arrow, and Geoffrey Beene. The sale closed on August 2, 2021. Under Authentic Brands Group, United Legwear & Apparel Company was granted the license for the Van Heusen, Arrow, and Geoffrey Beene brands, while Centric Brands was granted the license for the Izod brand.

Mission
PVH is one of the most admired fashion and lifestyle companies in the world. We power brands that drive fashion forward – for good. Our brand portfolio includes the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW, Speedo(1), Warner’s, Olga and Geoffrey Beene brands, as well as the digital-centric True&Co. intimates brand.
Vision
To be the most admired fashion and lifestyle company in the world.
Key Team

Mr. Martijn Hagman (Chief Exec. Officer of Tommy Hilfiger Global & PVH Europe)

Mr. Zachary James Coughlin (Exec. VP & CFO)

Ms. Eileen Mahoney (Chief Information Officer & Exec. VP)

Mr. Mark D. Fischer (Exec. VP, Gen. Counsel & Sec.)

Ms. Sheryl Freeman (VP of Investor Relations)

Samantha Critchell (VP of Corp. Communications)

Mr. Arthur R. Heffner (Group Exec. VP of Logistics Services - Pvh Logistics)

Recognition and Awards
Phillips-Van Heusen has been recognized with numerous awards, such as being named one of America’s Most Trustworthy Companies by Forbes and being the only apparel company to be included in Interbrand's Top 100 Best Global Brands list.
References
Phillips-Van Heusen
Leadership team

Mr. Stefan Larsson (CEO & Director)

Ms. Julie A. Fuller (Exec. VP & Chief People Officer)

Mr. James W. Holmes (Exec. VP & Controller)

Products/ Services
Children, Fashion, Women's
Number of Employees
1,000 - 20,000
Headquarters
New City, New York, United States
Established
1881
Company Registration
SEC CIK number: 0000078239
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
PVH
Social Media