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Lego Group CFO Jesper Andersen joins PVH board of directors

PVH Corp. has announced the appointment of Jesper Andersen, executive vice president and chief financial officer of the Lego Group, to its board of directors. He has also been appointed to the board’s audit and risk management committee. Commenting on the new addition to the board, Stefan Larsson, PVH chief executive officer, said in a release:...

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BusinessFeatured

PVH Q2 sales drop but earnings beat estimates

Second quarter revenue at PVH of 2.074 billion dollars decreased 6 percent or 5 percent on a constant currency basis, including a 3 percent decline resulting from the sale of the Heritage Brands women’s intimates business. The company’s EBIT on a GAAP basis increased to 174 million dollars, while EBIT on a non-GAAP basis was 189 million dollars,...

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