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| Formerly | Phillips-Van Heusen Corporation (until 2011) |
|---|---|
| Company type | Public company |
| Industry | Clothing |
| Founded | 1881; 145 years ago (1881) |
| Founders |
|
| Headquarters | Manhattan, New York City ,United States |
Area served | Worldwide |
Key people | Stefan Larsson (CEO) |
| Products | Apparel,undergarment,watches, etc. |
| Services | Manufacturing and retailing |
| Revenue | US$9 billion (2022) |
| US$200 million (2022) | |
Number of employees | c. 120,000 (2023) |
| Divisions | |
| Website | www |
| Footnotes / references [1] | |
PVH Corp., formerly known as thePhillips-Van Heusen Corporation, is an American clothing company which owns brands such asTommy Hilfiger andCalvin Klein. The company also licenses brands such asKenneth Cole New York andMichael Kors.[2]
 | This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(April 2020) |
PVH is headquartered inManhattan,New York,[3] with policy-making offices inBridgewater, New Jersey and handling plants inJonesville, North Carolina,McDonough, Georgia, andPalmetto, Georgia.[4][better source needed]
In September 2020, PVH announced thatStefan Larsson was namedCEO on February 1, 2021, succeedingEmanuel Chirico, who remains as chairman.[5]
As of April 2023, globally, PVH had over 120,000 employees and was positioned inIndia, Sri Lanka,Bangladesh,China,Hong Kong,Philippines,Indonesia,Mongolia,Thailand,Malaysia,Taiwan,Singapore,Vietnam andHonduras.[4]
The history of Phillips-Van Heusen goes back in part to Dramin Jones, aPrussian immigrant who founded the shirt manufacturing company D. Jones & Sons, c. 1865.[6] Separately, in 1881, Moses Phillips and his wife Endel began sewing shirts by hand and selling them from pushcarts to local anthracite coal-miners inPottsville, Pennsylvania. This grew into a shirt business in New York City that placed one of the first ever shirt advertisements in theSaturday Evening Post. D. Jones & Sons merged with M. Phillips & Sons in 1907 under the name Phillips-Jones[7] after Dramin Jones's death in 1903. Later Isaac Phillips met John Van Heusen, resulting both in their most popular line of shirts (Van Heusen), and in the subsequent acquisition of Van Heusen by Phillips-Jones and its renaming to Phillips-Van Heusen in 1957.[8]PVH is partly named afterDutch immigrant John Manningvan Heusen, who in 1910 invented a new process that fused cloth on a curve.[9]
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 theIzod brand, followed by the Arrow brand in 2000, and theCalvin Klein company in 2002.[10]
In 2004, PVH began manufacturing clothing for the Donald J. Trump Signature Collection as part of a licensing agreement withDonald Trump.[11]
After acquiring Superba, Inc., in January 2007, PVH ownednecktie licenses for brands such as Arrow,DKNY,Tommy Hilfiger,Nautica,Perry Ellis,Ted Baker,Michael Kors,JOE Joseph Abboud,Original Penguin andJones New York.[12] The corporation began making men's clothing under theTimberland name in 2008, with women's clothing following in 2009, under a licensing agreement.[13]
On March 15, 2010, Phillips-Van Heusen acquiredTommy Hilfiger for $3 billion.[14] 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[update] the company sells no products under that name in Europe. All European staff became redundant as a result.
In 2011, Phillips-Van Heusen was renamed to PVH.[15]
In February 2013, PVH acquiredWarnaco 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 as theSpeedo swimwear brand (the latter in North America only). In November 2013PVH sold the G.H. Bass brand and all of its assets, images and licenses toG-III Apparel Group.[16]
PVH ended its licensing agreement with Trump in July 2015, afterMacy's discontinued sales of his Trump Signature Collection due to controversial comments that he made regarding undocumented immigrants.[11]
In 2017Forbes ranked PVH 25th out of 890 companies on the "Just company" list.[17]
In March 2017, PVH acquired lingerie brandTrue & Co.[18]
In June 2018, PVH acquired theGeoffrey Beene clothing brand, which PVH previously produced under license.[19] On August 28, 2018, PVH announced that it would expand the Izod brand to portions of Europe beginning with the Fall/Winter 2018 collection.[20]
In December 2019,CNBC listed PVH along with 91 additionalFortune 500 companies that "paid an effective federal tax rate of 0% or less" in 2018 as a result of Donald Trump'sTax Cuts and Jobs Act of 2017.[21]
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 BritishPentland Group for $170 million.[22]
In May 2021, PVH was exploring a sale of the Heritage Brands division consisting of Van Heusen, Izod, Arrow, Warner's, Olga, True & Co., and Geoffrey Beene, withAuthentic Brands Group as a potential buyer.[23] The sale to ABG was officially announced on June 23, 2021, consisting of Izod, Van Heusen, Arrow, and Geoffrey Beene.[24] 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. A sale of the Warner's, Olga, and True&Co brands to Basic Resources followed in November 2023.[25]
In July 2022, PVH announced the creation of the first sustainable supply chain finance program tied to environment and social factors, in partnership withHSBC Bank USA.[26]
On February 4, 2025, China placed PVH Corp on its "Unreliable Entities List" as part of its response to U.S. President Donald Trump'ssecond round of tariffs against it. The company said it was "surprised and deeply disappointed" by the decision as it said it had operated in China in "strict compliance with all relevant laws and regulations and operates in line with established industry standards and practices." PVH had been under investigation by Chinese regulators for allegedly boycotting the use of cotton fromXinjiang.[27][28]
PVH provides products to many popular department stores, such asJCPenney,Macy's,Myer,David Jones,Kohl's,Belk andDillard's as well as online retailerAmazon both through its own labels andprivate label agreements. PVH also sells its products directly to customers through about 700outlet stores under the brand namesVan Heusen,Tommy Hilfiger andCalvin Klein.[citation needed]
The Calvin Klein stores sell the full range of products at full price, differing from existing outlet stores. These stores range from 10,000 square feet (930 m2) to 20,000 square feet (1,900 m2).[29]
The brands are sold in different price segments; for the dresswear and business-casual brands, from lowest to highest priced are Arrow, Van Heusen, Geoffrey Beene, Pierre Cardin and Calvin Klein. For thepreppy-styled brands,Izod occupies a more moderate price range while Tommy Hilfiger occupies a more premium segment.
Phillips-Van Heusen closed its Geoffrey Beene outlet retail division in 2008. Approximately 25 percent of the Geoffrey Beene outlet stores became Calvin Klein stores, while the remaining 75 percent of stores closed entirely.[30][29] The company continued to license the Geoffrey Beene brand name for Geoffrey Beene brand dress shirts and men's sportswear until 2018 when it acquired the brand outright. In 2015, PVH closed its Izod retail division due to an increasing competitive environment driven by more premium brands in the outlet retail channel; this did not affect Izod's wholesale business to department stores and online retailers. SelectIzod products are now available at some Van Heusen stores; initially this only included the golf line, but now includes products from Izod's other lines (mostly from the Advantage and Saltwater lines). In July 2018, PVH launched a direct online sales platform on the Izod and Van Heusen websites where both brands are featured and can be cross-shopped on each other's site. On July 14, 2020, PVH announced that it would close its remaining Heritage Brands retail outlets operating mainly under the Van Heusen/Izod Golf names.[31] TheIzod and Van Heusen brands are not being discontinued; the wholesale business, which sells their product to department stores, warehouse clubs, and online retailers, is not affected. The direct online sales platform for the Izod and Van Heusen brands will also remain active.
In October 2007, PVH took over naming rights to theMeadowlands Sports Complex arena inEast Rutherford,New Jersey. The arena's name was changed to theIzod Center, effective on October 31, 2007. PVH paid about $1.4 million a year for two years, then paid $750,000 a year in addition to $100,000 per year to supply arena employees withIzod uniforms.[32] In 2015, the Izod Center was permanently closed.[33]
In July 2011, PVH—along with other major fashion andsportswear brands includingNike,Adidas andAbercrombie & Fitch—was the subject of a report by the environmental groupGreenpeace entitled "Dirty Laundry". PVH is accused of working with suppliers inChina who, according to the findings of the report, contribute to the pollution of theYangtze andPearl Rivers. Samples taken from one facility belonging to theYoungor Group located on theYangtze River Delta and another belonging to the Well Dyeing Factory Ltd. located on a tributary of thePearl River Delta revealed the presence of hazardous and persistenthormone disruptor chemicals, includingalkylphenols,perfluorinated compounds, andperfluorooctane sulfonate.[34]
In 2020, PVH announced for its sustainability policy for its Izod and Van Heusen brands to eliminate single use plastic from packaging by 2024, and use 100% sustainablecotton,polyester, and nylon by 2025.[35]
Concerns have arisen about PVH's practices with regards to animal testing.[36] In 2020, PVH announced that as part of their animal welfare policy, the company does not use exotic skins and would be banning their use inTommy Hilfiger andCalvin Klein collections when "our annual update of that policy is released."[37]
In 2018 PVH along with 90 additionalFortune 500 companies had "paid an effective federal tax rate of 0% or less" as a result of Donald Trump'sTax Cuts and Jobs Act of 2017.[38]
(...) D. Jones & Sons, shirt manufacturers, which house was established by his father, the late Dramin Jones, nearly half a century ago
The company continued as M. Phillips & Sons until 1907 when it merged with D. Jones & Sons to become the Phillips-Jones Co
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