×
93 012
Fashion Jobs
BOARDRIDERS
Stock Supervisor - Part-Time - Jersey Gardens
Permanent · LAKE FOREST
COLUMBIA SPORTSWEAR COMPANY
Information Security Risk And Compliance Analyst
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
sr Manager Digital Product Management- Product Creation Technology
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - ny 59th st
Permanent · New York
REISS
Area Manager
Permanent ·
MACY'S
Asset Protection Detective, Francis Scott Key - Standard Part Time
Permanent · Frederick
MACY'S
Asset Protection Detective, Willowbrook - Flex
Permanent · Wayne
MACY'S
Asset Protection Officer, West Virginia - Full Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Flex
Permanent · Walnut Creek
MACY'S
Asset Protection Officer, West Virginia - Part Time (2840)
Permanent · Martinsburg
MACY'S
Asset Protection Detective, Del Amo Fashion Center - Full Time
Permanent · Torrance
MACY'S
Asset Protection Detective, Tuttle Crossing - Standard Part Time
Permanent · Dublin
TIFFANY & CO
Full Time Branch Security Officer - Cincinnati
Permanent · Cincinnati
TIFFANY & CO
Market Vice President, Mid-Atlantic & Central Market
Permanent · Chicago
PUMA
Associate Manager, Merchandising- Footwear
Permanent · Somerville
PUMA
Senior Manager, Public Relations
Permanent · Somerville
PUMA
Manager, Public Relations
Permanent · Somerville
ASCENA
District Manager, Lane Bryant - Philadelphia
Permanent · Exton
ASCENA
Sales Supervisor- Short Hills, nj
Permanent · Millburn
NORDSTROM
HR Business Partner, Supply Chain - Newark, ca - Hybrid
Permanent · Newark
NORDSTROM
Retail Stock & Fulfillment - Spokane
Permanent · Spokane
NORDSTROM
Asset Protection - Agent - The Shops at Midtown Miami Rack
Permanent · Miami
Published
Jun 4, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH Corp completes acquisition of Australian partner Gazal

Published
Jun 4, 2019

PVH Corp announced on Friday that it has completed its acquisition of long-term partner Gazal Corporation Limited, a deal which gives the American apparel group full control of its brands in Australia.


PVH's brands are licensed in Australia throughPVH Brands Australia Pty Limited - Instagram: @calvinklein

 
Through the transaction, PVH has acquired the approximately 78% of the shares in Gazal not previously owned by the group, as well as PVH Brands Australia Pty Limited, the joint venture between the two companies through which PVH’s brands, including Calvin Klein and Tommy Hilfiger, are licensed in Australia.  
 
Four key managers at Gazal and PVH Brands Australia have signed employment agreements and should remain in their current positions for a period of at least two years.

“Our decision to acquire Gazal is aligned with PVH’s strategic priority to expand our worldwide reach by assuming more direct control over our brands’ regional licensed businesses. By joining forces now, we believe we’re well positioned to capture the significant growth in the Australia and New Zealand markets,” said PVH Corp Chairman and CEO Emanuel Chirico in a release. “We are pleased to welcome Gazal into our PVH family and continue driving our business forward together.”
 
It’s been a busy couple of months at PVH, which, having recently appointed former Ralph Lauren CEO Stefan Larsson to the newly created role of president, reported significantly reduced first-quarter net earnings of $82 million on Thursday, as comparable sales dropped across its flagship Tommy Hilfiger and Calvin Klein labels.
 
Earlier in the month PVH also announced the appointment of its first ever global chief digital officer, Marie Gulin-Merle, as part of its efforts to transform its business, while April ended with the news that the New York-based fashion group had entered into a licensing deal with Nike to produce the sportswear giant’s men’s underwear.
 
The acquisition of Gazal and PVH Brands Australia is expected to result in a material increase in PVH Corp’s earnings per share in fiscal 2019. 

Copyright © 2022 FashionNetwork.com All rights reserved.