Calvin Klein, the largest brand owned by Phillips-Van Heusen Corp., expects sales in China to increase as much as 30 percent annually over the next three years, making the nation its biggest Asian market.
Shareholders of PVH Corp., owner of the Tommy Hilfiger and Calvin Klein apparel brands, voted today in favor of Chief Executive Officer Emanuel Chirico’s compensation plan. Pay expert Graef Crystal says he’s overpaid.
PVH Corp., the owner of the Tommy Hilfiger brand, agreed to buy Warnaco Group Inc. in a $2.9 billion transaction, bringing all Calvin Klein-branded apparel under one roof in the largest clothing-industry deal announced in 2012.
Australia will become the first country to require cigarettes to be sold in uniform packages after its top court rejected a challenge from tobacco companies, setting a precedent for other nations to follow.