US: Phillips-Van Heusen given new name
The move was given “overwhelming” shareholder approval at the company’s annual meeting, PVH said.
“In under a decade, our company has experienced a tremendous amount of change that has redefined the identity, culture, performance and potential of the company – first with the successful acquisition of Calvin Klein in 2003, and then with the addition of Tommy Hilfiger in 2010,” said Emanuel Chirico, chairman and CEO.
“Through these transformative acquisitions, we have secured our position as one of the largest global apparel companies, with a diversified portfolio of iconic lifestyle and apparel brands.”
Founded in 1881, PVH had revenues of almost US$5bn in 2010 and also owns brands including Van Heusen, Izod, Arrow and GH Bass & Co, plus licensed brands.
“Through this period of significant growth, our customers, stockholders, vendors and other stakeholders around the world have come to think of us more and more as ‘PVH’,” said Chirico.
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