PVH - Fashion Group Resists the Challenging Market Environment Thanks to Strong Core Brands Like Calvin Klein and Tommy Hilfiger!
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Business Driver: PVH (PVH) is one of the most recognized fashion labels with its core brands Calvin Klein and Tommy Hilfiger. After struggling with rather subdued consumer demand recently, the company now aims to counter this with further cost reduction measures. With the strategic program "PVH+ Plan," which focuses not only on additional cost-cutting but also on product innovations and stronger customer engagement, PVH should return to a growth path in the medium term. This is paying off, especially as in Q1, it reported an EPS of $3.37 significantly...
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