PVH Corp., owner of the Calvin Klein and Van Heusen clothing brands, rose in late trading after posting second-quarter profit that topped analysts’ estimates, helped by rising sales of Tommy Hilfiger apparel.
NEW YORK, United States — PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, has become a minority shareholder in fashion designer Karl Lagerfeld's namesake company.
DHAKA, Bangladesh — Inditex SA, Calvin Klein-owner PVH Corp., U.K. clothier N Brown Group Plc and three other companies will team up with union members to oversee the implementation of the Bangladesh fire and building safety accord.
Stella McCartney named designer of the year (FT) “Stella McCartney has won the coveted designer of the year award at the British Fashion Awards 2013, the latest in a series of personal and professional coups for the designer and her brand.” Old Media, New Tricks (AdWeek) “From the moment you step off the elevator onto the 28th floor of the Times Building, with its panoramic views of midtown Manhattan, it is clear
Jane Shepherdson, Chief Executive Officer, Whistles (CEO Talk) “Perhaps it’s not surprising that, in her spare time, Jane Shepherdson does flying trapeze in Hoxton, smack in the heart of achingly hip East London. Right from her earliest days in the fashion industry, Shepherdson has been known for taking risks and having her finger on the pulse of what’s cool.” As Luxury Growth Slows in China, Attention Turns to Mass
PVH Consolidates Calvin Klein With $2.9 Billion Warnaco Buy (Bloomberg) “PVH the owner of the Tommy Hilfiger brand, agreed to buy Warnaco Group in a $2.9 billion transaction, creating a company with $8 billion in sales and bringing all Calvin Klein-branded apparel under one roof.” China Luxury Sales to Get Boost After Leadership Change (Bloomberg) “Luxury companies are betting that Chinese shoppers who are buying
Paul Smith upbeat about China return (FT) “Sir Paul Smith, the UK fashion designer, is optimistic about his brand’s return to China, despite fears that the Chinese market for luxury goods is cooling.” PVH raises 2012 outlook again on Europe (Reuters) “Clothing maker PVH Corp raised its full-year earnings outlook for the third time this year, as it expects its European business to grow and its flagship Tommy
China’s Shoppers Sling a Gucci ‘Lifeline’ to Faltering Hong Kong (Bloomberg) “A stream of customers in Tsim Sha Tsui’s Canton Road yesterday carrying bags of Vivienne Westwood, Gucci and Burberry brand products and speaking in Mandarin, showed that a $350 billion decline in the value of stocks in China since mid-April has failed to kill off the tourist trade. Their spending may help to limit what Morgan Stanley and Daiwa
Kate Middleton: putting the regal into Reiss (Telegraph) “‘The Reiss dress was perfectly pitched… Britain has the best high street in the world. No one exemplifies the strength of that better than the Duchess of Cambridge.’” Knitting pretty (FT) “As well as giving Pringle a youthful burst of creativity, the Archive Project provides the brand with a reputation for supporting new talent…
A Faster Trip From Runway to Shopping Cart (WSJ) “Collections of dozens of high-end design houses in New York, London, Milan and Paris will be opened up to individual shoppers, who will be able to place orders on a site called Moda Operandi, or modaoperandi.com.” Chinese firms eye luxury’s battered stars (Reuters) “Luxury Western brands selling designer handbags and handmade suits to China’s
Web-Bargain Luxury Comes to Japan (WSJ) “For decades, the model for selling luxury imported goods in Japan has been simple: plush surroundings, attentive service—and the ‘Japan premium’… But the cozy system may be cracking, [thanks in part to] third-party websites to jump in with deep discounts.” Karl Lagerfeld cancels Paris show (Catwalk Queen) “Instead, the designer is working on a new
Giles Deacon confirmed as Creative Director of Ungaro (Vogue.com) “The new appointment is bound to bring a close to an unsettled atmosphere at the French house that has reigned since Emanuel Ungaro himself retired in 2004.” (RSS and email subscribers: watch exclusive BoF interview here) Phillips-Van Heusen beats, but Tommy weighs in Q2 (Reuters) “Analysts had been expecting a bigger boost from Tommy Hilfiger, the
Net-a-Porter is being acquired for up to £350m by Richemont (Telegraph) “The deal, expected to be completed this week, will see founder Natalie Massenet, a former fashion journalist, become at least £50m richer as Richemont acquires the remaining 70pc of the company it doesn’t already own.” Phillips-Van Heusen Acquires Hilfiger for $3 Billion (NY Times) “Phillips-Van Heusen, the clothing conglomerate that