PVH hints at significant momentum following flat re - insidedenim: Glo InsideDenim

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PVH hints at significant momentum following flat results

29/03/2023
PVH hints at significant momentum following flat results
US clothing group PVH Corp has reported fourth quarter growth of 2% to $2.5 billion but a 1% annual decline to $9 billion, which it attributes to a challenging macro environment.

Tommy Hilfiger and Calvin Klein revenue both increased 3% compared with 2021 but Heritage Brands’ revenue fell 10%.

Group CEO Stefan Larsson said: “Our disciplined execution of the PVH+ Plan - our multi-year, brand-focused, direct-to-consumer and digitally-led strategy -  enabled us to compete to win despite the challenging macro situation. Since we introduced our PVH+ Plan, we have made significant progress all around the world in driving brand desirability by getting closer to the consumer, creating great products and delivering strong consumer engagement through impactful talent partnerships.

“We are entering 2023 with significant momentum, and we will continue to execute the PVH+ Plan with discipline towards our long-term vision to build Tommy Hilfiger and Calvin Klein into the most desirable lifestyle brands in the world and be one of the highest performing brand groups in our sector.”

Separately, Calvin Klein has named South Korean singer Jung Kook (pictured) as a global brand ambassador for Calvin Klein Jeans and Calvin Klein Underwear.
 

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Avery Baker departs Tommy Hilfiger after 24 years 05/07/2023
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