The American corporation PVH owns the brands Tommy Hilfiger, Calvin Klein, Warner’s, Olga and True & Co.
The American company Phillips-Van Heusen Corporation (PVH), owner of the Calvin Klein and Tommy Hilfiger brands, has left the Russian market. This was reported by the Russian publication on September 13 Kommersant.
It was noted that PVH has handed over the local division to a top manager, who has renamed the company and will apparently continue to manage its local locations.
Such an agreement, according to experts, allows foreign companies to formally leave the Russian market, while maintaining the possibility of returning.
In August, PVH withdrew from the capital of the Russian division of the LLC Pivieach Rus Stores. Denis Shchukin became the new owner and general director of the company, and the name of the structure was changed to LLC Retail Excellence.
PVH Corporation is a major clothing manufacturer and owns the Tommy Hilfiger, Calvin Klein, Warner’s, Olga and True & Co. brands.
Let’s remember that the Russian market was previously abandoned by the famous Japanese clothing brand Uniqlo and the American pharmaceutical company MSD, which is a supplier in Russia of one of the most popular drugs for the treatment of hepatitis C, Zepatir.
Source: korrespondent
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