Tommy Hilfiger Group
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Weather issues and a volatile macro environment are unlikely to derail PVH Corp, analysts believe, despite the apparel giant revealing earni...
Weather issues and a volatile macro environment are unlikely to derail PVH Corp, analysts believe, despite the apparel giant revealing earnings yesterday (5 June) that missed expectations. The company also offered an optimistic outlook for the rest of the year.
Strategically located along the trading route between Asia and Africa, Mauritius is fast emerging as a major sourcing hub for textile and apparel products. Despite low-cost competition from Asia, the industry has successfully navigated its way through a plethora of challenges in the last few decades to emerge as a now high-tech, dynamic, and vertically integrated sector. Michelle Russell takes a closer look.
The Mauritian textile and apparel industry has overtaken sugar to become the country's largest export, with a turnover of around US$885m in 2013, a marginal increase of just 0.07% over the year before. Local textile and clothing manufacturers are working hard to sustain this growth, with several sharing their future ambitions with just-style.
Apparel giant PVH Corp has outlined a six-pronged plan for its Calvin Klein business that it hopes will improve the brand's performance, which continues to be under pressure in Europe.
While many companies may be looking for strategies to exit China as its labour and manufacturing costs rise, that is certainly not the case for Hong Kong-based quality cotton shirt manufacturer Esquel Group. John Cheh, the company's vice chairman and CEO, tells just-style how the group continues to grow, sustain and innovate.
There has been a lot of talk in recent years about the need to develop more strategic relationships between retailers and their suppliers to improve flexibility and add value across the supply chain. But according to Mark Green, executive vice president of the global supply chain at apparel giant PVH, the biggest changes in sourcing are yet to come.
PVH Corp has signed a joint venture agreement in Mexico that will allow it to maintain a direct ownership interest in its Calvin Klein and Heritage Brands businesses in the country, while gaining more control over Tommy Hilfiger in the region.
US apparel giant PVH Corp has completed its acquisition of the 55% interest in its Tommy Hilfiger China joint venture that it did not already own.
US apparel giant PVH Corp is to take full control of its Tommy Hilfiger China joint venture in a deal worth US$172m.
In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings.
PVH-owned Tommy Hilfiger has entered into a licensing agreement with G-III Apparel Group for a new women's dress collection – a key growth category for the brand.
PVH Corp says it is “very well-positioned” in China and has not suffered as a result of the recent yuan devaluation, but will be “more conservative” with its Calvin Klein business in the country heading into 2016.
Fred Gehring, the chairman of PVH Corp's Tommy Hilfiger brand has stepped down from his role to take an advisory position with the company.
PVH-owned Tommy Hilfiger is to launch a new digital platform which it claims will revolutionise the brand's traditional sales experience - and reduce sample production.
US retail giant PVH Corp is to shutter its Izod men's sports and casual clothing retail business with the closure of 100 stores, blaming an increasingly competitive environment.
US clothing giant PVH Corp and Australasian apparel supplier and retailer Gazal Corp are extending the scope of their Australian joint venture with the addition of new brands.
With demand for wearable technology growing, Tommy Hilfiger, a wholly owned brand of PVH Corp, has launched a limited-edition solar-powered jacket for the holiday season.
Apparel giant PVH Corp recorded a double-digit increase in third quarter net profit, despite revenues being impacted by the weak euro.
French Connection has become the latest firm to impose a ban on the use on angora from its future collections following pressure from animal rights group PETA.
Meaningful acquisition opportunities for PVH Corp are likely to present themselves in two to six years time, but they may take the form of bringing existing businesses in house under the Tommy Hilfiger and Calvin Klein banners, analysts believe.
Oliver Timm has been promoted to the newly-created position of president of PVH Europe, as the company looks to strengthen its operations for the Tommy Hilfiger and Calvin Klein brands in the region.
A robust performance from Tommy Hilfiger helped PVH Corp post a second quarter profit, with revenues almost breaking through the $2bn barrier.
Australian surfwear brand Billabong has tapped two industry veterans to drive its global supply chain strategy.
Apparel retailer Victorinox Fashion has appointed Jason Gallen as president of its global fashion division.
Tommy Hilfiger Europe will be the first customer to implement a new vertical tool designed to help fashion wholesalers and manufacturers become omnichannel retailers.
PVH Corp has revealed first-quarter earnings that missed analyst consensus due to a challenging macroeconomic environment and heightened promotional activity.
Experts from leading fashion and apparel brands including Gucci, Adidas, Burberry and Tommy Hilfiger are taking part in a two-day event in London that will look at the opportunities offered by modern technology in helping to improve and streamline the apparel product development process.
Online retail giant Amazon is to merge its standalone online shoe and accessories store with its current UK fashion offering in a bid to strengthen its fashion division.
UK fashion retailer Next has today (13 March) launched its dedicated brand website, Label.
A $2.9bn deal that brings together the Hudson's Bay, Lord & Taylor and Saks Fifth Avenue brands into a combined company with 320 stores in the US and Canada was finally confirmed last week after months of speculation.
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