PVH

We are PVH, one of the largest global apparel companies with nearly $9 billion in 2017 revenues.

We Are PVH

We have over 36,000 associates operating across 40 countries. We generated nearly $9 billion in revenues in 2017. We own the iconic CALVIN KLEIN, TOMMY HILFIGER, Van Heusen, IZOD, ARROW, Speedo (1), Warner's, Olga and True&Co. brands and market a variety of goods under our owned and licensed brands.

Our People

We create an inclusive environment where every individual is valued and that drives growth, performance, creativity and success. We are looking for talented people who embrace our core values and will help us to expand our position as a global leader in the apparel industry.

Corporate Responsibility

Corporate Responsibility is central to how we conduct business and applies across all stages of our operations and supply chain. As an industry leader, we recognize the great responsibility and opportunity to make positive impacts – from source to store – by empowering the people we work with, preserving the environment and supporting our communities.

Our Core Values

Our Core Values embody who we are as a
Company, guide our decisions and inspire us.

Individuality

We create an inclusive culture where we actively seek out individuals with diverse backgrounds, abilities and interpersonal styles and believe that our diversity strengthens PVH and enhances the way we conduct business.

Partnership

Success is built on partnership and collaboration everywhere. We create an environment where every associate is empowered to contribute and is recognized for their effort.

Passion

We are passionate about our brands, businesses, products, designs and most importantly the people who make up our communities around the world.

Integrity

We treat everyone with the highest degree of respect and strive to live and act each day in an ethical manner.

Accountability

We take action to do the right thing and assume responsibility for our decisions, actions, operations and products in the best interest of our associates, customers, stakeholders, supply chain partners, and the workers who produce our products.

We see a sustainable path of long-term growth
as we execute against our corporate and brand-
specific strategic initiatives.

PVH has a long history of financial growth and operational excellence. Our management team has grown the business to nearly $9 billion in 2017 revenues, making us one of the largest global apparel companies. Our global expansion has been robust for more than a decade. While our revenues were principally generated in the U.S. in 2000, we currently generate over 50% of our revenues outside the U.S. We anticipate that our non-domestic revenue penetration will expand further as our CALVIN KLEIN and TOMMY HILFIGER brands continue to grow overseas.

'Succeeding in the current business environment has required us to embrace change and focus on our strategic priorities to ensure that our business model is positioned for future success.' - Mike Shaffer
Chief Operating & Financial Officer

Our Strategy

We see opportunity for significant growth as we employ our strategic initiatives across our organization. Our global growth strategies include:

1. Drive
Drive consumer engagement by investing in product, marketing and in-store & online experiences.

2. Expand
Expand CALVIN KLEIN and TOMMY HILFIGER’s worldwide reach and assume more direct control over various licensed businesses.

3. Invest
Invest in our global operating and digital platforms to support our growth initiatives, while making positive impacts where we work and live.

4. Develop
Develop and retain talent through career development opportunities, while providing an inclusive workplace where every individual is valued.

5. Generate
Generate solid free cash flow to drive sustainable long-term growth and stockholder returns.

Calvin Klein
Since our acquisition of Calvin Klein in 2003, global retail sales of CALVIN KLEIN products have grown at a 9% compound annual growth rate, reaching $9.1 billion in 2017. We believe significant growth opportunities exist to drive CALVIN KLEIN global retail sales further over time, which include:

1. Enhance
Enhance global brand relevance and premium designer status worldwide through marketing campaigns and consumer engagement initiatives designed to drive growth and further resonate with more youth-minded consumers.

2. Drive
Drive product improvement and expansion, particularly within apparel, accessories and women’s intimates.

3. Grow
Grow channels including digital commerce, specialty stores and travel retail, while opportunistically opening specialized brick & mortar locations.

4. Gain
Gain greater control of the brand, as we continue to evolve from licensor to owner.

5. Evolve
Evolve our supply chain including through our speed to market initiatives, to drive efficiencies and other benefits.

Tommy Hilfiger
Since TOMMY HILFIGER has been under our ownership, the brand's growth and performance has exceeded our expectations. Global retail sales have grown at a 6% compound annual growth rate since 2010, reaching $7.4 billion in 2017. We believe that we can further grow TOMMY HILFIGER through a number of product and regional initiatives which include:

1. Enhance
Enhance global brand relevance with marketing campaigns and consumer engagement initiatives designed to drive growth and reflect Tommy Hilfiger’s accessible luxury positioning and classic American cool aesthetic.

2. Category Expansion
Category expansion within womenswear and accessories, men’s tailored clothing and underwear.

3. Drive
Drive regional expansion, particularly in Asia Pacific.

4. Digitize
Digitize TOMMY HILFIGER from showrooms to stores and online experiences.

5. Evolve
Evolve our supply chain including through our speed to market initiatives, to drive efficiencies and other benefits.

6. Be Premium
Be premium in everything we do.

Heritage Brands

Our Heritage Brands business is our original business, is where we developed our core competencies and is an important complement to our global designer brand businesses. We believe that our Heritage Brands businesses can continue to capture market share and generate healthy cash flows as we execute against our key strategic initiatives, which include:

1. Brand Management
Brand management as we are committed to designing and marketing quality, trend-right products that offer great value to our customers.

2. Leverage
Leverage and enhance each brand’s positi

PVH

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