February 01, 2015 6:56 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of PVH B.V.

Company Overview

PVH B.V., through its subsidiaries, designs, sources, and markets men’s and women’s sportswear and active wear, Jeanswear, and children swear. The company also offers various related apparel, accessories, footwear, fragrances, and home furnishings. The company distributes its products through department and specialty stores in the United States, Canada, Europe, Mexico, Central and South America, Japan, Hong Kong, South Africa, India, Australia, and other countries in the Far East. The company was formerly known as Tommy Hilfiger B.V. The company was founded in 1982 and is based in Amsterdam, the Netherlands. PVH B.V. operates as a subsidiary of Prince 2 B.V.

Stadhouderskade 6

Amsterdam,  1054 ES

Netherlands

Founded in 1982

6,662 Employees

Phone:

31 20 598 9888

Fax:

31 20 589 9888

Key Executives for PVH B.V.

Group Chief Executive Officer
Age: 59
Founder
Age: 63
Founder
Age: 63
Chief Operating Officer
Chief Executive Officer of Tommy Hilfiger Europe B V
Compensation as of Fiscal Year 2014.

PVH B.V. Key Developments

Tommy Hilfiger Announces the Launch of an Innovative Digital Sales Showroom

Tommy Hilfiger announced the launch of an innovative digital sales showroom, located at its global headquarters in Amsterdam, The Netherlands. The digital showroom revolutionizes the sales experience for retailers by offering them a more engaging and seamless buying approach. The interactive system blends collection information, sales tools and brand content in one seamless touch screen interface. The centerpiece of the digital showroom is an interactive half-meter by one-meter touch screen table set in a sleek walnut frame, which connects to a four-meter-high wall-to-wall grid of ultra-high-definition 4K screens. Customers can digitally view every item in the Tommy Hilfiger sportswear and Hilfiger Denim seasonal collections and create custom orders with all product categories laid out across a single screen. They can view head-to-toe key looks, zoom in with incredible detail to see unique design features, and click on a garment for specific information such as color offerings and size ranges. The product selection and ordering experience builds on a traditional sales approach, reimagined through the digitalized system that streamlines and simplifies the process. The interactive interface allows for in-depth discussions on styling, merchandising and deliveries that are tailored to each client. Furthermore, by complementing traditional sales tools with an array of brand information, the digital showroom effectively immerses the customer in the complete Tommy Hilfiger brand experience. The digital showroom concept also supports Tommy Hilfiger’s ongoing sustainability mission, as it reduces sample production, eliminates the need for printed order forms, and diminishes the ecological impacts of shipping. In turn, the environmental impacts of sample creation are significantly reduced, from the supply chain and manufacturing to packaging and international shipping. Tommy Hilfiger will launch its digital showroom on January 21, 2015, in Amsterdam with key international wholesale partners, and the company is establishing a global roll-out plan to expand the concept into markets worldwide.

Tommy Hilfiger Announces Executive Changes

Tommy Hilfiger has promoted its chief marketing officer Avery Baker to the newly-created role of chief brand officer. Baker, who takes on the new position alongside her current role, will be responsible for presenting a consistent global brand message and will head up brand strategy globally across all touch-points, including digital and marketing. Baker, who joined Tommy Hilfiger in 1998, has relocated back to Amsterdam from New York to take on the expanded role. She will continue to work from the Tommy Hilfiger headquarters in both Amsterdam and New York. PVH has promoted Oliver Timm, president of regional management in Germany and Russia, to president of PVH Europe, country management. The newly-created role will see all PVH EMEA country managing director’s report into Timm.

Tommy Hilfiger Reports Earnings Results for the First Quarter Ended May 4, 2014; Provides Revenue Guidance for the Second Quarter and Full Year of Fiscal 2014

Tommy Hilfiger reported earnings results for the first quarter ended May 4, 2014. For the quarter, net sales of $838.8 million against $789.5 million a year ago. Total revenue was $862.4 million against $811.4 million a year ago. On GAAP basis, earnings before interest and taxes were $115.2 million against $118.1 million a year ago. On non-GAAP basis, earnings before interest and taxes were $115.2 million against $118.1 million a year ago. For the second quarter of fiscal 2014, it is currently projected that revenue will increase approximately 9%. For the full year of fiscal 2014, it is currently projected that revenue will increase approximately 7%.

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