PVH Corp. (PVH): history, ownership, mission, how it works & makes money

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PVH Corp. (PVH) Information


A Brief History of PVH Corp. (PVH)

Foundation and Early Years

PVH Corp. was founded in 1881 by Isaac Phillips and his brother Harris Phillips in New York City as the Phillips-Van Heusen Corporation. The company originally focused on manufacturing dress shirts.

Growth in the 20th Century

By the 1920s, PVH expanded its product offerings to include a range of other apparel items. In 1955, PVH gained significant attention by launching the Van Heusen brand with the introduction of the “Miracle Collar”, which was a precursor to non-iron shirts.

Public Listing and Expansion

PVH went public in 1970. Throughout the 1980s and 1990s, the company diversified its portfolio through a series of acquisitions, including Calvin Klein, Inc. in 2003 for approximately $400 million.

Recent Acquisitions

  • Acquisition of Tommy Hilfiger in 2010 for $3 billion.
  • Purchase of Speedo in 2012 from Warnaco Group for $2.9 billion.
  • Acquisition of True Religion in 2013 for $835 million.

Financial Performance

Year Revenue (in billions) Net Income (in millions) Total Assets (in billions)
2020 $8.9 $158 $5.2
2021 $9.5 $335 $5.7
2022 $10.2 $370 $6.1
2023 $10.8 $415 $6.5

Brand Portfolio

PVH Corp. manages a diverse array of brands, including:

  • Calvin Klein
  • Tommy Hilfiger
  • Van Heusen
  • Izod
  • ARROW
  • Superdry

Sustainability Initiatives

In recent years, PVH has focused on sustainability, pledging to achieve a 50% reduction in greenhouse gas emissions by 2030 and has committed to using 100% sustainably sourced cotton by 2025.

Global Reach

PVH operates in more than 40 countries and has over 38,000 employees worldwide. The company's products are sold in approximately 190 countries.

Stock Performance

As of October 2023, PVH Corp. has a market capitalization of approximately $6.8 billion with a share price around $87.



A Who Owns PVH Corp. (PVH)

Current Ownership Structure

As of the latest available data, PVH Corp. (NYSE: PVH) has a diverse ownership structure that includes institutional, insider, and retail investors. The breakdown is as follows:

Ownership Type Percentage Owned (%) Number of Shares Owned
Insiders 3.18 1,385,975
Institutions 97.83 41,516,219
Retail Investors 0.99 426,120

Major Institutional Holders

The institutional ownership of PVH Corp. includes numerous large investment firms and mutual funds, notably:

Institution Percentage Ownership (%) Number of Shares Owned
The Vanguard Group, Inc. 9.96 4,218,632
BlackRock, Inc. 8.74 3,688,330
Dimensional Fund Advisors LP 6.87 2,904,397
FMR LLC (Fidelity) 6.77 2,854,960
State Street Corporation 5.20 2,189,534

Insider Ownership

The insider ownership of PVH Corp. is relatively minimal, representing about 3.18% of the total shares outstanding. Key insiders include:

Insider Name Position Shares Owned
Emanuel Chirico Executive Chairman 1,146,550
Stefan Larsson President and CEO 81,900
Michael Shaffer Executive Vice President 40,000

Recent Stock Performance

PVH Corp. shares have shown varying performance in recent months. Key financial metrics include:

  • Current Share Price: $78.55
  • Market Capitalization: $6.15 billion
  • 52-Week High: $115.38
  • 52-Week Low: $57.76
  • Dividend Yield: 0.36%

Recent Developments

In the fiscal year 2022, PVH reported the following financial figures:

  • Total Revenue: $9.14 billion
  • Net Income: $530 million
  • EBITDA: $1.1 billion

Conclusion on Ownership Dynamics

The ownership of PVH Corp. remains largely concentrated among institutional investors, with significant stakes held by major asset management firms. Insider holdings are modest, reflecting a broader trend within the corporate governance of public companies.



PVH Corp. (PVH) Mission Statement

Company Overview

PVH Corp. is one of the largest apparel companies in the world, with a diverse portfolio of over 15 brands, including Tommy Hilfiger and Calvin Klein. The company operates in more than 40 countries and has a presence in over 100 international markets.

Mission Statement

The mission of PVH Corp. is to “drive the growth of our brands and business through creative innovation, a sophisticated understanding of our markets, and the ability to deliver on our ideas.” This mission emphasizes a commitment to sustainability, innovation, and community engagement.

Core Values

  • Integrity: Conducting business with honesty and transparency.
  • Quality: Commitment to high-quality products and services.
  • Innovation: Embracing creativity and unique ideas to enhance brand experience.
  • Responsibility: Focusing on sustainable practices and social accountability.
  • Diversity: Promoting inclusivity and equality within the workplace.

Financial Performance

As of the fiscal year ended January 2023, PVH Corp. reported the following financial metrics:

Financial Metric Amount (in Millions)
Net Revenue $9,309
Net Income $553
Operating Income $1,078
Total Assets $7,074
Total Liabilities $3,703
Shareholders' Equity $3,371
Market Capitalization $8,500

Sustainability Initiatives

PVH Corp. has set ambitious sustainability goals to reduce its environmental footprint:

  • Water Usage: Aim to reduce water consumption in core supply chain by 25% by 2030.
  • Carbon Emissions: Commitment to achieve climate neutrality in its operations by 2030.
  • Recycling Goals: Plan to use 100% sustainably sourced cotton by 2025.

Community Engagement

PVH Corp. is dedicated to social responsibility, investing in community initiatives:

  • Employee Engagement: Over 90% of employees participate in corporate social responsibility initiatives.
  • Philanthropy: Contributed approximately $15 million to community service projects in 2022.
  • Partnerships: Collaborated with various NGOs to support education and workforce development programs.

Brand Portfolio

PVH’s extensive brand portfolio includes:

Brand Acquisition Year Market Presence
Calvin Klein 1989 Global
Tommy Hilfiger 2010 Global
Speedo 2004 International
Van Heusen 2006 North America
IZOD 2007 North America

Global Reach

PVH Corp. operates on a global scale, with significant revenue contributions from various regions:

Region Revenue (in Millions)
North America $4,500
Europe $3,200
Asia $1,800
Rest of World $809


How PVH Corp. (PVH) Works

Overview of PVH Corp.

PVH Corp. (PVH) is a global leader in branded apparel and accessories, headquartered in New York City. The company owns several well-known brands, including Calvin Klein, Tommy Hilfiger, and Van Heusen.

Business Segments

PVH operates through various segments:

  • Calvin Klein
  • Tommy Hilfiger
  • Heritage Brands

Revenue Breakdown

For the fiscal year 2022, PVH reported the following revenue figures:

Segment Revenue (in millions)
Calvin Klein $3,172
Tommy Hilfiger $4,027
Heritage Brands $1,427
Total $8,626

Global Footprint

PVH operates in over 40 countries, with a strong presence in North America, Europe, and Asia.

Manufacturing and Supply Chain

The company's products are manufactured by approximately 1,200 vendors in over 25 countries.

Financial Performance

PVH's financial performance in recent years reflects its operational success:

Fiscal Year Net Income (in millions) Operating Income (in millions) Revenue (in millions)
2022 $747 $1,076 $8,626
2021 $503 $726 $7,883
2020 -$190 $23 $7,180

Stock Performance

As of October 2023, PVH's stock price is approximately $64.35, with a market capitalization of about $4.57 billion.

Key Financial Ratios

The following financial ratios showcase PVH's performance:

Financial Ratio 2022 Value
Debt-to-Equity Ratio 1.02
Current Ratio 1.75
Return on Equity (ROE) 16.5%

Strategic Initiatives

PVH has focused on the following strategic initiatives to drive growth:

  • Digital transformation
  • Sustainability initiatives
  • Expansion into emerging markets

Recent Acquisitions

In 2022, PVH completed the acquisition of Hush Puppies brand, enhancing its portfolio.

Employee Base

As of 2022, PVH employed approximately 40,000 individuals worldwide.

Sustainability Goals

PVH aims to achieve 100% cotton sourced sustainably by 2025.



How PVH Corp. (PVH) Makes Money

Revenue Streams

PVH Corp. operates through various channels that contribute to its revenue. The company generates income primarily from the following sources:

  • Wholesale distribution
  • Direct-to-consumer sales
  • Licensing agreements

Wholesale Distribution

In 2022, PVH's wholesale revenue accounted for approximately $5.2 billion, representing a significant proportion of the company’s total revenue. The company sells its products through major department stores, specialty retail outlets, and online platforms. Key brands under wholesale include:

  • Calvin Klein
  • TOMMY HILFIGER

Direct-to-Consumer Sales

Direct-to-consumer (DTC) sales, which include retail stores and e-commerce platforms, contributed around $2.6 billion to PVH's revenue in 2022. The company has been focusing on expanding its online presence, as evidenced by a 25% year-over-year increase in online sales.

Licensing Agreements

PVH generates revenue through licensing agreements by allowing third parties to manufacture and sell products under its brand names. In 2022, licensing contributed approximately $1.1 billion to total revenue. This model helps PVH to expand its brand reach without significant investment in manufacturing.

Geographic Revenue Breakdown

The geographic distribution of PVH’s revenues reveals its worldwide reach:

Region Revenue (2022) Percentage of Total Revenue
North America $3.5 billion 40%
Europe $4.0 billion 45%
Asia $1.2 billion 15%

Brand Portfolio

PVH Corp. manages a diverse portfolio of brands, contributing to its revenue stability. Key brands include:

  • Calvin Klein
  • TOMMY HILFIGER
  • Van Heusen
  • IZOD
  • ARROW

Financial Performance

In fiscal year 2022, PVH reported total revenues of approximately $8.9 billion with a net income of around $400 million. The company’s gross profit margin stood at 41%, indicating effective cost management and pricing strategies.

Cost Structure

The cost structure of PVH includes:

  • Cost of goods sold (COGS): $5.2 billion
  • Operating expenses: $2.3 billion
  • Marketing and advertising: $500 million

Market Position and Competitive Advantage

PVH's competitive advantage stems from its strong brand equity and global distribution networks. The company has invested heavily in digital transformation, resulting in a 20% increase in brand engagement across online platforms.

Future Growth Opportunities

PVH aims to leverage growth opportunities through:

  • Expansion into emerging markets
  • Increased focus on sustainable fashion
  • Strengthening e-commerce capabilities

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