October 01, 2016 8:09 AM 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 PVH Corp.

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: 61
Founder, Honorary Chairman and Principal Designer
Age: 65
Founder
Age: 65
Chief Operating Officer
Chief Executive Officer of Tommy Hilfiger Europe B V
Age: 54
Compensation as of Fiscal Year 2016.

PVH B.V. Key Developments

Tommy Hilfiger Announces Revenue Results for the Fourth Quarter of 2015; Provides Revenue Guidance for the First Quarter and Full Year 2016

Tommy Hilfiger announced earnings results for the fourth quarter of 2015. Revenue for the quarter increased 5% on a constant currency basis, with strong revenue growth in international business, which had revenue up 8% in constant currency and Europe comps up 10%, with most markets showing increases. For the 2016, revenues are planned to increase 3% on constant currency basis, excluding a negative impact of 1% related to foreign currency, with operating margins planned to increase about 50 basis points on a constant currency basis and to decrease approximately 175 basis on a reported basis. For the first quarter of 2016, revenues are planned at a 2% constant currency increase, excluding the negative impact of 1% for foreign currency, with North America planned down mid-single digits due to continued weakness in retail stores located in international tourist locations, while international business is planned up high single digits due to its continued strength in Europe.

Apax Partners Reportedly Planning to Sell Hilfiger China Stake to PVH

Apax Partners LLP is planning to sell stake in PVH B.V.'s (Tommy Hilfiger Corporation) China operations to PVH Corp. (NYSE:PVH), people with knowledge of the matter said. Apax, which owns about half of the China venture, is exercising an option to sell its holding to PVH Corp. and the transaction should complete by the end of the year, as per the sources.

Tommy Hilfiger and G-III Apparel Enter into License Agreement

Tommy Hilfiger and G-III Apparel Group Ltd. have entered into a license agreement to introduce a line of women's dresses. Beginning February 2016, the collection will be available at select department stores, including Macy's, specialty stores, and e-commerce partners in the US and Canada. The new Tommy Hilfiger dress collection is designed to complement the existing Tommy Hilfiger women's sportswear offerings. The Spring 2016 collection is inspired by iconic American style, with a modern twist featuring the bold use of print and color, and feminine fabrics and finishes. The collection, including dresses and coordinating shrugs and cardigans, will have suggested retail prices from $99 to $149. The initial term of the agreement is five years with G-III having a right to renew for an additional five-year term subject to achieving certain sales levels.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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