Calvin Klein Parent Plans To Acquire Third Brands

Chirico hopes that the new brands will not compete with Klein and Hilfiger, nor do they want to earn a brand that is in urgent need of "savior".

Emanuel Chirico, chief executive of PVH group, said in a telephone conference with analysts that the company expects sales will continue to grow this year, including North America and all overseas.

More importantly, there will be a great possibility to acquire third brands to PVH group.

Chirico points out that the company has spent a lot of time and energy in finding new brands that can join Calvin Klein and Tommy Hilfiger, but it can not disclose the brands considered.

"I do not want to encourage growth, nor will we enter the field that we have not previously set foot in."

Chirico said he hoped that the new brands would not compete with the Klein and Hilfiger businesses, nor would they want to earn a brand that needed much-needed "savior".

Calvin Klein2018 spring summer series

Tommy Hilfiger2018 spring summer series

According to the needs of PVH, many brands are up to standard.

For example, because of the interests of brand shareholders, Tory Burch is in a dilemma. Long term independent Dries Van Noten has been pointed out that it is also looking for external investment, and Stella McCartney has just emerged from Kai Yun group.

In addition, PVH is also planning to buy more franchises. It bought part of its franchise in China last year, and the next step is probably Southeast Asia and Brazil.

In fiscal year 2017, the PVH group's annual revenue increased by 9% to $8 billion 900 million, of which Klein and Hilfiger sales increased by 10% and 11% respectively, and comparable international store sales respectively.

6% and 8%, but the North American market is still a bit of a drag.