PVH Investor Relations Material

PVH Corp, formerly known as Phillips-Van Heusen Corporation, is an American global apparel company headquartered in New York City. The company owns and operates a portfolio of different clothing brands, including Calvin Klein and Tommy Hilfiger. The company's business model encompasses designing, manufacturing, and marketing apparel and related products, along with licensing agreements for various product lines. The company is headquartered in NYC, and its shares are listed on the NYSE.

The origins of Phillips-Van Heusen trace back to the mid-19th century with Dramin Jones, a Prussian immigrant who established D. Jones & Sons, a shirt manufacturing firm, around 1865. Concurrently, in 1881, Moses Phillips and his wife Endel started hand-sewing shirts, selling them to coal miners in Pottsville, Pennsylvania, before expanding into a New York City-based shirt business. In 1907, following Dramin Jones's death in 1903, D. Jones & Sons merged with M. Phillips & Sons, forming Phillips-Jones. A key development occurred when Isaac Phillips collaborated with John Van Heusen, leading to their well-received Van Heusen shirt line. This partnership eventually resulted in Phillips-Jones acquiring Van Heusen and rebranding to Phillips-Van Heusen in 1957. The company adopted its current name, PVH, in 2011.

The company's brand portfolio is a strategic mix of high-end designer labels and mainstream, accessible fashion, catering to a broad spectrum of consumers. Some of the most notable brands under the company’s ownership include the previously aforementioned Calvin Klein and Tommy Hilfiger, as well as Van Heusen, Warners, and True & Co. The company competes in a highly competitive environment together with companies such as Ralph Lauren and Hanesbrands.

The licensing business plays a key role in its operations, particularly in the necktie segment. This aspect of the company involves partnerships with renowned fashion brands, under which PVH produces and markets neckties. These licensing agreements enable PVH to use its expertise in textile production and distribution while incorporating the distinctive design elements of its partner brands. Some notable partnerships include Michael Kors (now owned by Tapestry), Arrow, DKNY, and several others.