PVH Names President of Calvin Klein Americas
26 January 2023 - 12:00AM
Business Wire
Retail veteran Donald Kohler brings a strong track record of
successful brand and marketplace transformation
PVH Corp. (NYSE: PVH) today announced the appointment of Donald
Kohler as President, Calvin Klein Americas. Kohler will join the
company on March 13, 2023, to lead the regional Calvin Klein
business, and will report to Stefan Larsson, CEO of PVH Corp.
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Donald Kohler, President, Calvin Klein
Americas (Photo: Business Wire)
Kohler joins PVH and Calvin Klein with three decades of retail
leadership experience. Over the past 15 years, he has led the
Americas region for global brands including Burberry, Salvatore
Ferragamo and Diesel. His expertise spans direct-to-consumer and
third-party driven business models including owned and operated
retail, wholesale, franchise and licensing, and e-commerce across
the luxury, premium and specialty segments.
Mr. Larsson said, “As we continue to build the right team to
execute our PVH+ Plan, I am excited to have a strong operator like
Donald join PVH to lead our Calvin Klein business in the Americas.
His unique experience as one of the key leaders responsible for the
successful transformation of Burberry globally and in North
America, together with his broad sector experience, will be
critical in helping us connect Calvin Klein closer to the consumer
in the Americas than any time before. Donald has deep operational
experience in critical areas such as product, consumer engagement,
and omni-channel marketplace execution. He will be an important
business partner to Eva Serrano and her Global Calvin Klein brand
team, and they will work closely together to unlock the full
potential of Calvin Klein in the Americas.
Mr. Kohler said, "I'm thrilled to join PVH’s leadership for the
Americas at such a pivotal moment for the company. Iconic global
brands like Calvin Klein are rare, and to be part of creating
Calvin Klein’s next chapter of growth here in the Americas is a
career-defining opportunity. I look forward to working with Stefan,
Eva and the Calvin Klein teams to deliver for our consumers who
have a deep love for the Calvin Klein brand.”
Mr. Larsson added, “We continue to put the pieces in place to
execute the PVH+ Plan, and I’m pleased with our progress in
building the team to drive long-term growth and value creation.
With Eva and Donald providing brand and regional leadership for
Calvin Klein, we will redouble our efforts to unlock our
opportunity in the Americas and the full power of our iconic brands
around the globe. We are in process of identifying a strong
regional leader for TOMMY HILFIGER in the Americas to help complete
the team to revitalize every aspect of our business in this
region.”
Mr. Kohler has a Bachelor of Arts, Economics, from the
University of Redlands and sits on the Global Business Advisory
Board for the university. He also serves as an Executive Advisor
and Mentor with RAISEfashion, a non-profit network of fashion
industry leaders providing pro bono consulting to BIPOC-owned
brands and individuals.
About PVH Corp.
PVH is one of the world's largest and most admired fashion
companies, connecting with consumers in over 40 countries. Our
global iconic brands include Calvin Klein and TOMMY HILFIGER. Our
140-year history is built on the strength of our brands, our team
and our commitment to drive fashion forward for good. That's the
Power of Us. That's the Power of PVH.
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SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Forward-looking statements in this press
release, including, without limitation, statements relating to the
Company’s future plans, strategies, objectives, expectations and
intentions are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements are inherently
subject to risks and uncertainties, many of which cannot be
predicted with accuracy and some of which might not be anticipated,
including, without limitation, (i) our plans, strategies,
objectives, expectations and intentions are subject to change at
any time at our discretion; (ii) the Company’s ability to realize
anticipated benefits and savings from divestitures, restructurings
and similar plans, such as the headcount cost reduction initiative
announced in August 2022, and the 2021 sale of assets of, and exit
from, its Heritage Brands business to focus on its Calvin Klein and
Tommy Hilfiger businesses; (iii) the Company has significant levels
of outstanding debt and borrowing capacity and uses a significant
portion of its cash flows to service its indebtedness, as a result
of which the Company might not have sufficient funds to operate its
businesses in the manner it intends or has operated in the past;
(iv) disease epidemics and health-related concerns, such as the
ongoing COVID-19 pandemic, which could result in (and, in the case
of the COVID-19 pandemic, has resulted in some of the following)
supply-chain disruptions due to closed factories, reduced
workforces and production capacity, scarcity of raw materials and
scrutiny or embargoing of goods produced in affected areas,
shipping delays, container and trucker shortages, port congestion
and other logistics problems, closed stores, reduced consumer
traffic and purchasing, as consumers become ill or limit or cease
shopping in order to avoid exposure, or governments implement
mandatory business closures, travel restrictions or the like to
prevent the spread of disease, and market or other changes that
could result (or, with respect to the COVID-19 pandemic, could
continue to result) in shortages of inventory available to be
delivered to the Company’s stores and customers, order
cancellations and lost sales, as well as in noncash impairments of
the Company’s goodwill and other intangible assets, operating lease
right-of-use assets, and property, plant and equipment; (v) the
failure of the Company’s licensees to market successfully licensed
products or to preserve the value of the Company’s brands, or their
misuse of the Company’s brands; (vi) significant fluctuations of
the U.S. dollar against foreign currencies in which the Company
transacts significant levels of business; and (vii) other risks and
uncertainties indicated from time to time in our filings with the
Securities and Exchange Commission.
The Company does not undertake any obligation to update publicly
any forward-looking statement made in this press release.
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Lauren McClain communications@pvh.com
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