PVH Corp., formerly known as the Phillips-Van Heusen
Corporation, is an American clothing company which owns brands such as Van
Heusen, Tommy Hilfiger, Calvin Klein, IZOD, Arrow, Warner's, Olga, True &
Co., and Geoffrey Beene. The company also licenses brands such as BCBG Max
Azria, Sean John, Kenneth Cole New York, JOE Joseph Abboud, and Michael Kors.
PVH is partly named after Dutch immigrant John Manning Van Heusen, who in 1910
invented a new process that fused cloth on a curve. PVH is headquartered in Manhattan
New York, with policy-making offices in Las Vegas, Nevada, Los Angeles,
California and Bridgewater, New Jersey and handling plants in Reading,
Pennsylvania, Brinkley, Arkansas, Jonesville, North Carolina, Chattanooga,
Tennessee and McDonough, Georgia all in the United States. As of April 2014,
globally, PVH had over 120,000 employees and was positioned in Sri Lanka,
Bangladesh, China, Hong Kong, Philippines, Indonesia, Mongolia, Thailand,
Malaysia, Taiwan, Singapore and Honduras. In September 2020, PVH announced that
Stefan Larsson will be named CEO on February 1, 2021, succeeding Emanuel
Chirico, who remains as chairman. The history of Phillips-Van Heusen (PVH) goes
back in part to Dramin Jones, a Prussian immigrant who founded the shirt
manufacturing company D. Jones & Sons, c. 1857. Separately, in 1881, Moses
Phillips and his wife Endel began sewing shirts by hand and selling them from
pushcarts to local anthracite coal-miners in Pottsville, Pennsylvania. This
grew into a shirt business in New York City that placed one of the first ever
shirt advertisements in the Saturday Evening Post. D. Jones & Sons merged
with M. Phillips & Sons in 1907 under the name Phillips-Jones after
Dramin Jones's death in 1903. Later Isaac Phillips met John Van Heusen,
resulting both in their most popular line of shirts (Van Heusen), and in the
subsequent acquisition of Van Heusen by Phillips-Jones and its renaming to
Phillips-Van Heusen in 1957. In 2011, Phillips-Van Heusen is renamed to PVH.
The Phillips-Jones Corporation received a patent for a self-folding collar in
1919; the corporation released the product to the public in 1921 and it became
successful. The first collar-attached shirt was introduced in 1929. The Bass
Weejun was introduced in 1936. Geoffrey Beene shirts were launched in 1982. In
1987, Phillips-Van Heusen acquired G.H. Bass. In 1995, the corporation acquired
the Izod brand, followed by the Arrow brand in 2000, and the Calvin Klein
company in 2002. In 2004, PVH began manufacturing clothing for the Donald J.
Trump Signature Collection as part of a licensing agreement with Donald Trump.
After acquiring Superba, Inc., in January 2007, PVH now owns necktie licenses
for brands such as Arrow, DKNY, Tommy Hilfiger, Nautica, Perry Ellis, Ted
Baker, Michael Kors, JOE Joseph Abboud, Original Penguin and Jones New York.
The corporation began making men's clothing under the Timberland name in 2008,
with women's clothing following in 2009, under a licensing agreement. On March
15, 2010, Phillips-Van Heusen acquired Tommy Hilfiger for $3 billion. In the
third quarter of 2010 losses made on the "Van Heusen" brand led to
the decision to pull it out of all European trading markets. As of March 2011
the company sells no products under that name in Europe. All European staff
became redundant as a result. In February 2013, PVH acquired Warnaco Group,
which manufactured the Calvin Klein underwear, jeans and sportswear lines under
license, thus consolidating control of the Calvin Klein brand. The Warnaco
acquisition also added the Warner's and Olga intimate apparel brands, as well
the Speedo swimwear brand (the latter in North America only). In November 2013
PVH sold the G.H. Bass brand and all of its assets, images and licenses to
G-III Apparel Group. PVH ended its licensing agreement with Trump in July 2015,
after Macy's discontinued sales of his Trump Signature Collection due to
controversial comments that he made regarding illegal immigrants. In 2017
Forbes ranked PVH, 25 out of 890 companies on the "Just company"
list. In March 2017, PVH acquired lingerie brand True & Co. In June 2018,
PVH acquired the Geoffrey Beene clothing brand, which PVH previously produced
under license. On August 28, 2018, PVH announced that it would expand the Izod
brand to portions of Europe beginning with the Fall/Winter 2018 collection. In
January 2020, PVH sold back the rights for the Speedo swimwear brand,
previously marketed under "Speedo USA" and "Speedo North
America", back to Speedo's international parent, the British Pentland
Group. The deal was in exchange for $170 million in cash.
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