Textiles, Apparel and Luxury Goods
Company Overview of PVH B.V.
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.
Amsterdam, 1054 ES
Founded in 1982
31 20 598 9888
31 20 589 9888
Key Executives for PVH B.V.
Group Chief Executive Officer
Founder, Honorary Chairman and Principal Designer
Chief Executive Officer of Tommy Hilfiger Europe B V
Compensation as of Fiscal Year 2015.
PVH B.V. Key Developments
Fred Gehring to Resign as Executive Chairman of Tommy Hilfiger, Effective August 1, 2015
Jul 31 15
PVH Corp. announced that it has entered into a new employment agreement with Fred Gehring, currently Executive Chairman, Tommy Hilfiger, and Vice Chairman, PVH Corp. The agreement provides for Mr. Gehring to relinquish his role as Executive Chairman, Tommy Hilfiger. The new agreement and arrangements are effective August 1, 2015.
Tommy Hilfiger Appoints Abdel El Hamri as Senior Vice President, Marketing and Communications
Jul 8 15
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
Jun 1 15
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).
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