PVH Corp.

Is PVH Corp. publicly traded?
Yes, PVH Corp. is listed on the New York Stock Exchange under ticker PVH. The company has been publicly traded for decades and is available to investors worldwide. PVH repurchased over $560 million in stock during FY2025, reflecting management's confidence in the company's long-term growth potential.

Who owns PVH Corp.?
PVH Corp. is an independent, publicly traded company. No single shareholder holds a controlling stake. The company is owned by institutional investors and public shareholders. Stefan Larsson serves as CEO, and Melissa Stone serves as Interim CFO.

When was PVH Corp. founded?
PVH Corp. was founded in 1881 as Phillips-Van Heusen Corporation by Moses Phillips and Laird Van Heusen. The company was renamed PVH Corp. in 2006 to reflect its evolution from a shirt manufacturer into a multi-brand global apparel company. The company's origins are in New York, where it remains headquartered today.

How many brands does PVH Corp. own?
PVH owns two global lifestyle brands: Calvin Klein and TOMMY HILFIGER. These two brands together generated over 95% of the company's revenue in FY2025. PVH previously owned a broader portfolio including Warner's, Olga, True&Co., and Van Heusen, but has divested these brands. The company now licenses Van Heusen, Nike, and other brands from third parties for certain product categories.

What is PVH Corp.'s annual revenue?
PVH reported revenue of $8.95 billion for fiscal year 2025, which ended on February 1, 2026. This represented a 3% increase from $8.7 billion in FY2024. Full-year operating margin was 2.6% on a GAAP basis and 8.8% on a non-GAAP basis. For FY2026, PVH projects revenue to increase slightly and operating margins to remain at approximately 8.8% on a non-GAAP basis.

What is the PVH+ Plan?
The PVH+ Plan is PVH Corp.'s multiyear strategic plan to build Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world and make PVH the leading brand building group in its sector. The plan focuses on five growth drivers: product innovation, digital commerce, wholesale differentiation, consumer engagement, and cost optimization. CEO Stefan Larsson has led the plan's execution, which has delivered sequential margin improvement and DTC growth.

What are PVH Corp.'s reportable segments?
As of 2025, PVH reports through four segments: EMEA (Europe, Middle East and Africa), Americas, APAC (Asia-Pacific), and Licensing. This geographic structure replaced the previous brand-based segment reporting and reflects the way the company is currently managed. The EMEA, Americas, and APAC segments derive revenue from the sale of TOMMY HILFIGER and Calvin Klein branded products through wholesale and retail channels. The Licensing segment derives revenue from licensing the brand names to third parties.

PVH Corp. was founded in 1881 by Moses Phillips and Laird Van Heusen as a shirt manufacturing company in New York. The company began as a small operation producing high-quality dress shirts and neckwear. Phillips-Van Heusen developed a reputation for quality craftsmanship and innovative shirt designs, establishing itself as a leading American apparel manufacturer.

Throughout the 20th century, Phillips-Van Heusen expanded its product range and retail presence. The company developed the Van Heusen brand as a flagship line of dress shirts and casual wear. In 2002, PVH acquired Calvin Klein for approximately $400 million, significantly expanding its brand portfolio into the premium fashion segment. The acquisition gave PVH a globally recognized brand with strong consumer awareness in underwear, jeans, and fragrance categories.

In 2006, the company officially renamed itself PVH Corp. to reflect its evolution into a multi-brand fashion conglomerate. In 2010, PVH acquired Tommy Hilfiger for approximately $3 billion, further strengthening its position as a major global apparel company. The Tommy Hilfiger acquisition added a brand with strong international presence, particularly in Europe, where it had established a significant retail and wholesale footprint.

In 2013, PVH acquired The Warnaco Group for approximately $2.9 billion, bringing the Calvin Klein jeans and underwear businesses in-house. The deal unified the Calvin Klein brand under a single owner and gave PVH direct control over key product categories and global distribution.

By the 2020s, PVH had begun streamlining its portfolio to focus on Calvin Klein and Tommy Hilfiger. The company divested its Heritage Brands business, selling Warner's, Olga, and True&Co. in November 2023. Van Heusen, which PVH had owned through the second quarter of 2021, was transitioned to a licensed model. The company now licenses Van Heusen, along with Nike and other brands, from third parties for certain product categories.

In 2025, PVH reorganized its reportable segments to reflect its current management structure. The new reportable segments are Europe, the Middle East and Africa (EMEA), Americas, Asia-Pacific (APAC), and Licensing. This replaced the previous brand-based segment structure and reflects the company's shift toward geographic management of its two core brands.

Under CEO Stefan Larsson, PVH has been executing the PVH+ Plan, a multiyear strategy focused on building Calvin Klein and TOMMY HILFIGER into the most desirable lifestyle brands in the world. The plan emphasizes product innovation, digital commerce growth, and disciplined cost management. In FY2025, the company achieved non-GAAP operating margins of 8.8% and repurchased over $560 million in stock.

PVH has committed to sustainability initiatives across its supply chain and operations. The company has published targets for reducing greenhouse gas emissions and has implemented programs to improve labor standards in its supplier factories. PVH is a participant in industry sustainability initiatives.

The company's sustainability reporting includes commitments to sustainable materials, waste reduction, and water conservation. PVH has not been certified as a B Corporation. The company publishes an annual corporate responsibility report as a first-party source.

PVH has faced scrutiny over labor conditions in its global supply chain. The company sources products from factories in China, Vietnam, Bangladesh, India, Indonesia, and Cambodia, where labor standards have been subjects of advocacy campaigns. PVH has published supplier codes of conduct and participates in industry initiatives to improve factory conditions.

The company has also faced challenges related to international trade and geopolitical tensions. PVH exited its retail business in Russia following the war in Ukraine and ceased wholesale operations in Russia and Belarus. The conflict in the Middle East has resulted in the closure of some licensees', wholesale customers', and other business partners' stores, as well as increased fuel and oil costs and inventory availability impacts.

Tariffs represent an ongoing regulatory challenge. The US Supreme Court issued a ruling that affected many tariffs imposed by the US government, creating uncertainty about future trade policy. PVH's FY2026 outlook includes an estimated 215 basis point negative impact from tariffs on goods entering the United States.