×
60 609
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
Published
May 20, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

PVH Corp and Grupo Axo to form joint venture in Mexico

Published
May 20, 2016

PVH Corp. and Grupo Axo announced on Thursday a new joint venture for the licenses of PVH’s Calvin Klein, Tommy Hilfiger, Warner’s, Olga and Speedo brands.


Calvin Klein


 
The joint venture will be formed by merging PVH Mexico, S.A. de C.V. with Baseco, S.A. de C.V. PVH Mexico is the wholly owned subsidiary of PVH and the operator of Calvin Klein and Heritage Brands businesses in Mexico, and Baseco is a wholly owned subsidiary of Axo and a distributor in Mexico of Tommy Hilfiger brands. The terms of the joint venture were not disclosed, and the closing is expected to occur early in the third quarter of 2016.
 
“This strategic move allows us to maintain a direct ownership interest in our Calvin Klein and Heritage Brands businesses in Mexico, while gaining more control over our Tommy Hilfiger business in the region,” said Emanuel Chirico, Chairman and CEO of PVH. “Grupo Axo, which will oversee the joint venture’s day-to-day operations, is an experienced multi-channel distributor, including successfully managing our Tommy Hilfiger business in Mexico for the last 22 years. We believe that leveraging Grupo Axo’s in region expertise across our brand portfolio should ensure the long-term potential in Mexico of our brands.”

Grupo Axo is a multi-brand company in Mexico for apparel, accessories and home brands. As of 2016, the company operates over 2,200 points of sale within major department stores and over 400 freestanding stores in both Mexico and Chile. Grupo Axo also represents Abercrombie & Fitch, Brooks Brothers, Brunello Cucinelli, Coach, Emporio Armani, Guess, Kate Spade, Theory, Hollister, Loft and Victoria’s Secret among others.
 
PVH expects this transaction to be neutral to its 2016 earnings on a non-GAAP basis.

Copyright © 2022 FashionNetwork.com All rights reserved.