PVH, the parent company of Tommy Hilfiger and Calvin Klein, is said to have broken down positions at the headquarters. Those affected are particularly jobs at the EMEA headquarters in Amsterdam.
The business in Europe, the Middle East and Africa (EMEA) developed, a group spokesman told the industry magazine Drapers. The company wants to “release its full potential in the region and drive sustainable, profitable and long -term growth,” it continues. As a result, some employees would have passed through a “change in the role” inside. Several positions were affected. How many employees: inside and which areas are affected exactly is currently not known.
In his report on the first quarter of the 2025 financial year, PVH reduced his profit forecast in the middle of a continuously difficult economic climate. US customs policy was mentioned as the main reason for concern. This prompted the group to reduce its forecast for the result of special effects per share, which had previously been $ 12.40 to $ 12.75, to $ 10.75 to $ 11.00.
In the opening quarter, the company had to show a net loss of $ 44.8 million (39.2 million euros) after it had achieved a surplus of $ 151.4 million in the first quarter of the previous year. Adjusted for special effects, the net profit fell by 17.0 percent to $ 118.6 million, but exceeded the forecasts of management.
Fashionunited asked PVH for more information.
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