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PVH Names President of Calvin Klein Americas

Business Wire 25-Jan-2023 8:00 AM

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005488/en/

Donald Kohler, President, Calvin Klein Americas (Photo: Business Wire)

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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