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August 01, 2015 12:29 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: 60
Founder, Honorary Chairman and Principal Designer
Age: 64
Founder
Age: 64
Chief Operating Officer
Chief Executive Officer of Tommy Hilfiger Europe B V
Age: 53
Compensation as of Fiscal Year 2015.

PVH B.V. Key Developments

Tommy Hilfiger Appoints Abdel El Hamri as Senior Vice President, Marketing and Communications

Tommy Hilfiger announced the appointment of Abdel El Hamri to the role of Senior Vice President, Marketing and Communications, the Americas, in addition to his role as head of Global Communications. Effective August 1, 2015, Mr. El Hamri will relocate from Amsterdam to the Tommy Hilfiger New York offices.

Tommy Hilfiger Reports Earnings Results for the First Quarter Ended May 3, 2015; Provides Revenue Guidance for the Second Quarter and Full Year of 2015

Tommy Hilfiger reported earnings results for the first quarter ended May 3, 2015. For the quarter, the company reported total revenue of $767.1 compared to $862.4 million in the prior year period. Earnings before interest and taxes was $92.1 million, inclusive of a $16 million negative impact due to foreign currency exchange rates, compared to $115.2 million in the prior year’s first quarter. The earnings decrease on a constant currency basis was principally the result of a decline in the North America business due to weak international tourist traffic, which drove more promotional selling, resulting in lower gross margins. For the year 2015, the company is currently projected that revenue for the Tommy Hilfiger business is currently expected to increase approximately 3% on a constant currency basis (decrease approximately 7% on a GAAP basis). For the second quarter of 2015, the company is currently projected that revenue for the Tommy Hilfiger business in the second quarter is currently expected to increase approximately 3% on a constant currency basis (decrease approximately 9% on a GAAP basis).

Tommy Hilfiger Announces Opening of the Tommy Hilfigerstore in China

Tommy Hilfiger, which is owned by PVH Corp. announced the opening of the larger Tommy Hilfigerstore in China, located in Beijing’s prestigious In88 shopping center. For the first time in the country, the new two-story location will showcase Hilfiger Collection, the pinnacle of the Tommy Hilfigerbrand’s design offerings. The premium women’s collection blends the brand’s Americana heritage with contemporary influences and luxurious textiles, and features designs that premiere on the runway during New York Fashion Week.

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