Phillips-Van Heusen
Headquarters: 200 Madison Ave.
New York, NY 10016
Employees: 6,000
CEO: Emanuel Chirico
Website: http://www.pvh.com
Stock Symbol:
PVH
Career
Page
Phillips-Van Heusen Corporation is one of the world's largest apparel companies. It owns and markets the Calvin Klein brand worldwide. It is the world's largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, unlisted, A Kenneth Cole Production, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, Tommy Hilfiger, DKNY, and Timberland.
Products are sold at a variety of price points from top department stores to outlets.
For fiscal 2009, the company reported sales of $2.07 billion and net income of $161.9 million.
Emanuel Chirico, Chairman and Chief Executive Officer, said, "We are extremely pleased with our 2009 results and the strong performance across all components of our business, enabling us to exceed our previous earnings guidance. Our heritage brands delivered exceptional results in the fourth quarter, which reinforces what we know to be the strength and relevance of our brands to the consumer in the current "value-oriented" environment. The global growth momentum of the Calvin Klein brand also accelerated, and royalty revenue increased 22% in the fourth quarter."
Mr. Chirico continued, "We are positioned to have a strong year in 2010, with new programs being implemented in our wholesale businesses, a very strong start to our outlet retail business and Calvin Klein returning to more historical global growth rates. Our performance is indicative of the drive our management team has to deliver earnings and growth for the benefit of our stakeholders. We will continue to strive to achieve our goals as we embark on the unification of two of the world's largest apparel companies."
The Company announced on March 15, 2010 that it had entered into a definitive agreement to purchase Tommy Hilfiger B.V.
History
The history of Phillips-Van Heusen can be traced back to 1876, when George Henry Bass began his shoe manufacturing company in Maine. Separately, John M. Van Heusen and Isaac Phillips met and formed the Phillips-Van Heusen Corporation, and Vin Draddy acquired the rights to the Izod name in the early 1900s.
In 1881, Moses Phillips and his wife Endel began sewing shirts by hand and selling them from pushcarts to local Pottsville, PA anthracite coal miners. This grew into a shirt business in New York City that placed one of the first ever shirt ads in the Saturday Evening Post.
The Phillips-Van Heusen Corporation received a patent for a self-folding collar in 1919, which was released to the public in 1921 and was successful. The first collar attached shirt was introduced in 1929. The Bass Weejun was introduced in 1936. Geoffrey Beene shirts were launched in 1982. In 1987, Phillips-Van Heusen acquired G.H. Bass. In 1995, the corporation acquired the Izod brand, followed by the Arrow brand in 2000, and the Calvin Klein company in 2003.
Benefits
Benefits options include:
Health and Wellness
* Medical, Dental, Life Insurance and Dependent Life Insurance
* Employee Assistance Program (EAP)
* Flexible Spending Accounts
* Short & Long Term Disability Programs
* Long Term Care Programs
* Corporate Wellness Program
* Domestic Partner Benefits
Retirement and Savings
* 401(k) Savings Plan with a company match
* Company paid Pension Plan
* 529 College Savings Program
Work/Life Balance
* Vacation
* Generous number of paid holidays
* Summer hours
* Flex time
* Resource and referral program for family and individual needs such as child care, adult care and personal services
* College coaching resource and referral program
* Group Pre-paid Legal Program
* Group Auto and Home Owner's Insurance Programs
* Adoption Assistance
Additional Perks
* Associate discounts in company stores
* Educational Assistance Program
* Friday casual dress
* College Scholarships for children of associates
* Negotiated Discounts with local and national businesses
* Referral Bonus Program
* Training Classes
* Raffles for events at the IZOD Center
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