PVH Corporation - Fashion Company Profile

Company Profile

Current brand, investor and corporate information is on the PVH website, linked above; the shop box covers products of PVH's brands, Calvin Klein and Tommy Hilfiger, sold through Amazon and eBay. The company today is deliberately narrower than the one in the dated summaries on the history page. On August 2, 2021 PVH completed the sale of the IZOD, Van Heusen, ARROW and Geoffrey Beene trademarks to Authentic Brands Group for about $223 million, exiting the heritage brands business that its own name came from; and in November 2023 it sold the Warner's, Olga and True & Co. intimates brands to Basic Resources for $160 million. What remains is the PVH+ strategy in its simplest form: two owned global lifestyle brands, Calvin Klein (acquired in 2002) and Tommy Hilfiger (acquired in 2010), which together account for the overwhelming majority of the company's roughly $9 billion in annual revenue, run from Manhattan by a company whose stock has traded in New York for over a century. The old name's own page in this letter, Phillips-Van Heusen, records the 2011 renaming and keeps the old name's routes working.

The foundation chapter runs 1876 to 1921, under the filing's own summary: the foundation is laid for a modern, marketing-driven, world-class company. In 1876, George Henry Bass purchases a share in E. P. Packard and Co., a shoe manufacturer in Maine, beginning his career as a shoemaker, and three years later becomes sole owner, changing its name to G.H. Bass and Co. In 1881, Moses Phillips and his wife Endel began sewing shirts by hand and selling them from pushcarts to local Pottsville, Pennsylvania coal miners, growing into a New York City shirt business that placed one of the first ever shirt ads in the Saturday Evening Post. Pushcarts to a national magazine advertisement is the whole nineteenth-century apparel trade in one sentence.