PVH Corp. reported its net profit for Q3 decreased on Monday. Revenues
surged by 2 percent from the same period last year.
The company’s net profit for Q3 was 209 million dollars, dropped from
243 million dollars a year earlier. Furthermore, revenues increased to
2,588 million dollars. Compared to 10 percent a year ago, the profit
margin of the company slipped to 8 percent.
Philips-Van Heusen Corporation (NYSE: PVH) was founded in 1976 and today
is one of the largest branded lifestyle apparel companies in the world,
with a diversified portfolio of lifestyle apparel brands including Calvin
Klein (acquired in 2002), Tommy Hilfiger (in 2010), Van Heusen, Izod, Arrow
and Speedo. In 2013 PVH bought the Warnaco Group, which manufactured the
Calvin Klein underwear, jeans and sportswear lines under license,
consolidating control of the Calvin Klein brand.
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