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PVH Corp. is an American clothing company, and the world's largest shirt company. It owns brands such as Tommy Hilfiger, Calvin Klein, Van Heusen, IZOD, Arrow, and licenses brands such as Geoffrey Beene, BCBG Max Azria, Chaps, Sean John,
Kenneth Cole New York, JOE Joseph
Abboud and MICHAEL Michael Kors.
On March 24th, 2014, Arvind LTD bought 49% of a joint venture with Calvin Klein (owned by Phillip Van Heusen) in India
Although Arvind was meant to gain money from this, PHV suffered and their stock privoted downwards greatly the next day.
PVH Corp has its main headquarters in Manhattan, with administrative offices in Bridgewater, New Jersey, Las Vegas, Nevada,and Los Angeles, California. Additional distribution facilities in the United States are located in Brinkley, Arkansas; McDonough, Georgia; Jonesville, North Carolina; Reading, Pennsylvania; and Chattanooga, Tennessee.
Example of Top level management planning that was focus and flexibility geared.
Cause: Buy and sell of share holds with international company
Effect: PVH stock suffered greatly + loss of money but were able to pick themselves up the next day
Solutions / Possible planning methods: Improve orientation and actions next time - consider short term effects instead of long term
"We seek to harness each brand’s power to inspire deep, enduring relationships with consumers. "
-Capture market share
-Create growth opportunities
-Maximize potential while staying true to company roots (marketing and branding of clothing)
-Maintain responsible business strategies while still taking the stakeholders' values into account
"Our focus remains on driving market share gains, preserving and improving operating margins and introducing new products. "
PVH has several sourcing facilities worldwide, located in Bangladesh, Sri Lanka, China, Honduras, Hong Kong, Indonesia, Philippines, Malaysia, Mongolia, Singapore, Thailand and Taiwan.The corporation employs over 12,000 people worldwide.
PVH has more than 15,000 stores at North America. And distribution in 90 countries
1881: Moses and Endel Phillips began sewing shirts and selling them to miners in Pottsville, Pennslyvania
1919: Van Heusen was granted the right to sell folding collared shirt and two years later, collared shirts were introduced to the public
1982: Geoffrey Beene shirts launched and became one of the top designers for shirts
1987: Acquired GH Bass & Co (shoe company)
1995: Acquired IZOD
2000: Granted worldwide rights to PHV, previously only had North and South America
2003: Acquired Calvin Klein
2004: Signed licensed agreement to Michael Kors, BCGB, Sean John, and Donald J. Trump. Purchase rights to ARROW
2010: Acquired Tommy Hilfiger
2013: Sold GH Bass & Co
With more than 1,200 stores and distribution in 90 countries
Based on recorded statements PVH Corp is currently employing 11.8 K people.
http://www.pvh.com
http://finance.yahoo.com/echarts?s=PVH+Interactive#symbol=PVH;range=5d
http://articles.economictimes.indiatimes.com/2014-03-15/news/48244370_1_matrix-partners-calvin-klein-india-brands-business
http://vanheusenindia.com/about-us
http://www.macroaxis.com/invest/ratio/PVH--Number-of-Employees
https://www.pvh.com/brands_heritage_van_heusen.aspx