×
538
Fashion Jobs
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
Advertisements

PVH Corp. buys Tommy Hilfiger license in Central, Southeast Asia

Published
today Mar 26, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH Corp. is taking back Tommy Hilfiger in Asia and has reacquired the brand in Hong Kong, Macau, Taiwan, Singapore and Malaysia. 

PVH Corp. buys Tommy Hilfiger license in Central, Southeast Asia. - Facebook: Tommy Hilfiger

 
PVH has entered into a definitive agreement with Dickson Concepts Limited for the deal, which will include the acquisition of the Tommy Hilfiger brand in Hong Kong, Macau, Taiwan, Singapore and Malaysia, along with certain related leases and retail assets. 
 
The transaction is expected to close in the second quarter of 2019. Terms of the transaction were not disclosed.

“This transaction demonstrates our commitment to making strategic investments to support the long term growth of PVH and our Tommy Hilfiger business, while leveraging our well-established infrastructure, our leadership expertise and strong brand momentum across both our Tommy Hilfiger and Calvin Klein businesses in the region,” said Chairman and CEO of PVH Corp., Emanuel Chirico. 
 
Tommy Hilfiger has been a bright spot for the U.S. apparel group, especially as Calvin Klein, PVH’s second biggest segment in sales after Tommy Hilfiger, has been struggling. 
 
Daniel Grieder, CEO of Tommy Hilfiger Global, noted that the deal will allow the company to execute “a more fully integrated strategy for the Greater China market,” and ultimately grow.  
 
“This transaction should allow us to further realize the growth opportunities that exist for the Tommy Hilfiger brand by enabling the introduction of a wider range of product lines, and offering consumers a more immersive and elevated brand experience. Building on our strong existing regional foundation, we plan to accelerate the growth of the Tommy Hilfiger business and invest further in driving the expansion of the brand,” he added. 
 
In PVH's most recent quarter, Tommy Hilfiger posted a 11 percent rise in quarterly revenue reaching $1.1 billion. Likewise, Calvin Klein’s third-quarter earnings, before taxes and interest, fell to $121 million, from $142 million a year earlier. 
 
PVH is expected to report its annual results on Wednesday. 

Copyright © 2020 FashionNetwork.com All rights reserved.