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PVH Corp. is a global apparel company known for its iconic brands and extensive history in the fashion industry. The company designs and markets a wide range of products, including sportswear, jeanswear, intimate apparel, and accessories, under both owned and licensed trademarks. PVH operates through wholesale distribution, direct-to-consumer sales, and licensing, with a strong international presence in over 40 countries.
- Tommy Hilfiger - Offers a wide range of apparel and accessories, including sportswear, jeanswear, and footwear, known for its classic American style.
- Calvin Klein - Provides modern and sophisticated apparel, underwear, and accessories, recognized for its minimalist aesthetic and innovative designs.
- Heritage Brands Wholesale - Focuses on previously owned brands, offering products like dress shirts and intimate apparel, though these brands were sold in 2023.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Amba Subrahmanyam Executive | Chief People Officer | None | Chief People Officer since February 2024; previously EVP of People for PVH Americas and Calvin Klein Global; recognized for driving transformation and growth. | |
David Savman Executive | Chief Supply Chain Officer | None | Joined PVH in 2022; previously Head of Global Supply Chain at H&M; leads PVH's supply chain transformation under the PVH+ Plan. | |
Eva Serrano Executive | Global Brand President, Calvin Klein | None | Joined PVH in March 2023; previously President of Inditex Greater China; leads Calvin Klein's global strategy under the PVH+ Plan. | |
Lea Rytz Goldman Executive | Global Brand President, Tommy Hilfiger | None | Joined PVH in spring 2024; previously Managing Director of COS; focuses on brand desirability and sustainable growth. | |
Mark D. Fischer Executive | EVP, General Counsel, and Secretary | None | Joined PVH in 1999; oversees legal and compliance matters; promoted to EVP in 2013. | |
Stefan Larsson Executive | Chief Executive Officer | None | CEO of PVH since February 2021, previously President of PVH and CEO of Ralph Lauren; instrumental in driving the PVH+ Plan for growth. | View Report → |
Zachary Coughlin Executive | Chief Financial Officer | None | CFO of PVH since 2022; previously CFO at DFS Holdings (LVMH) and Converse (Nike); oversees PVH's financial operations. | |
Ajay Bhalla Board | Board Member | President, Cyber & Intelligence at Mastercard; Advisor to World Economic Forum | Appointed to PVH Board in August 2022; leads Mastercard's Cyber & Intelligence division; strategic advisor on cybersecurity and digital trust. | |
Amanda Sourry Board | Board Member | Board Member at The Kroger Co. | Joined PVH Board in 2016; Chair of Compensation Committee; former President of Unilever North America; expertise in marketing and sustainability. | |
Amy McPherson Board | Board Member | Board Member at Royal Caribbean Cruises Ltd. | Joined PVH Board in 2017; Chair of Nominating, Governance & Management Development Committee; extensive experience in business operations and development. | |
Brent Callinicos Board | Board Member | Board Member at Baidu, Inc. and Rubicon Technologies, Inc. | Joined PVH Board in 2014; extensive experience in treasury and financial leadership; also serves on boards of Baidu and Rubicon. | |
G. Penny McIntyre Board | Board Member | Board Member at The Kroger Co. | Joined PVH Board in 2015; Chair of Corporate Responsibility Committee; extensive experience in consumer products and sustainability. | |
George Cheeks Board | Board Member | President & CEO of CBS Entertainment Group | Joined PVH Board in 2021; member of Compensation and Corporate Responsibility Committees; extensive experience in media and entertainment leadership. | |
Jesper Andersen Board | Board Member | EVP & CFO of LEGO Group | Appointed to PVH Board in November 2024; EVP & CFO of LEGO Group since 2020; extensive experience in financial leadership at LEGO, Upfield, and Beiersdorf. | |
Kate Gulliver Board | Board Member | CFO & CAO of Wayfair | Appointed to PVH Board in August 2024; CFO & CAO of Wayfair since 2022; previously Chief People Officer and Head of Investor Relations at Wayfair. | |
Michael M. Calbert Board | Independent Chair of the Board | Chairman of Dollar General Corporation | Joined PVH Board in May 2022; independent Chair since June 2022; extensive experience in corporate finance and retail strategy. |
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With the first wave of bringing the North America women's business in-house starting in 2025, what specific risks do you foresee in this complex multi-year transition, and how might it impact your margins and overall profitability during this period?
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Given the headwinds affecting your fourth quarter gross margin guidance, including increased promotional activity and supply chain disruptions, how confident are you in achieving your long-term target of 15% operating margin, and what steps are you taking to mitigate these pressures?
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Considering the investigation by China's Ministry of Commerce and the fact that China accounts for approximately 6% of your revenue and 16% of EBIT, how might this situation impact your business in China, and what contingency plans do you have in place?
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Inventory levels have increased by 9% year-over-year due to strategic investments in essential products to maintain a 95% in-stock rate; how do you plan to manage the risk of potential overstocking, especially in a more promotional environment, and ensure that this doesn't lead to increased markdowns?
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As you focus on quality of sales initiatives in Europe leading to a reduction in revenue, how sustainable is this strategy in the long term, and how do you balance the trade-off between top-line growth and improving margins while maintaining market share?
Recent press releases and 8-K filings for PVH.
- PVH Corp. entered into a credit agreement on April 25, 2025 with various lenders, including Barclays Bank PLC as Administrative Agent, to establish a delayed-draw term loan facility.
- The agreement provides aggregate lending commitments of $450.0 million for senior, unsecured term loans, undrawn at the closing date, with funding available until October 17, 2025 and maturing on April 3, 2026.
- Loans under the facility feature an initial margin of 1.125% for term SOFR rate borrowings and 0.125% for base rate borrowings, alongside a commitment fee starting from July 4, 2025.
- **PVH Corp entered into a credit agreement on April 4, 2025, establishing a delayed-draw term loan facility with aggregate lending commitments of $250 million for working capital or general corporate purposes, with a minimum borrowing of $50 million per draw (document ).
- The agreement specifies variable interest rates tied to either a base rate with a margin of 0.125% or a term SOFR rate with a margin of 1.125%, along with a commitment fee of 0.125% on undrawn amounts, and includes customary covenants and events of default provisions (document ).
- Q4 performance exceeded guidance with strong holiday results, improved European order books, and steady growth in Asia despite macro headwinds
- Full year 2024 results delivered a record non-GAAP EPS of $11.74 and a record gross margin of 59.4%, driven by disciplined execution of the PVH+ Plan
- Accelerated share repurchase agreements were initiated with Barclays Capital Inc. and Goldman Sachs & Co. LLC for $500 million of common stock, with settlement anticipated during the third quarter of fiscal 2025
- The repurchase is executed under the Company’s existing $5.0 billion stock repurchase authorization, starting with an initial delivery of 4,579,354 shares held in treasury pending final settlement
- Strategic cost initiatives bolstered nearly $600 million in free cash flow, while Q1 2025 guidance flags temporary margin headwinds from product delays and regional challenges
- PVH Corp reported its 2024 Q4 revenue at $2.372 billion (a 5% decrease) and full-year revenue at $8.653 billion (down 6%), both within guidance parameters.
- The company achieved non-GAAP EPS of $3.27 in Q4 and $11.74 for the full year 2024, beating its EPS guidance.
- For 2025, revenue is expected to be flat to slightly increasing with non-GAAP operating margins likely to improve, and EPS is projected in the range of $12.40 to $12.75, including a $0.20 per share foreign currency translation impact.
- PVH also announced plans to execute $500 million in share repurchases in 2025 via accelerated share repurchase agreements.