Women’s Wear Daily
04.23.2014
business-features
business-features

Newsmaker of the Year: The Twenty Nominees

WWD editors have chosen a host of nominees, all of whom have made dramatic headlines this year.

business-features/news
View Slideshow

Manny Chirico

Photo By John Aquino

EMANUEL CHIRICO

TITLE: Chairman and chief executive officer.

COMPANY: PVH Corp.

NOMINATED FOR: At the height of Hurricane Sandy’s wrath in October, Chirico finalized a blockbuster agreement to acquire Warnaco Group Inc. for $2.9 billion. The deal is the latest game-changing move by PVH in its steady ascent into the top ranks of the world’s biggest apparel companies, pushing its combined total revenues to more than $8 billion. The purchase brings Warnaco’s Calvin Klein underwear and jeans businesses — representing 36 percent of all Calvin Klein sales and 40 percent of its licensing revenue — into the PVH fold and consolidates the megabrand, owned by PVH, under a single company. Buying Warnaco also adds crucial operating infrastructure in Asia and Latin America, regions where PVH was less developed, and creates a global platform for PVH to build upon, including a strong base in Europe stemming from its 2010 acquisition of Tommy Hilfiger, also spearheaded by Chirico. Warnaco’s Calvin Klein business is being folded into PVH’s Calvin Klein division, overseen by president Tom Murry, while its Speedo, Warner’s and Olga brands are being tacked onto PVH’s heritage division, which encompasses Izod, Van Heusen and Bass.

Tommy Hilfiger has flourished under PVH control and in the first half of 2012, the reinvigorated brand helped drive company earnings ahead 43.9 percent to $180.8 million, while revenue increased 2.2 percent to $2.76 billion. While PVH has a way to go to catch up to industry leader VF Corp.’s more than $12 billion in sales, few executives have been as savvy and determined in their acquisition strategy as Chirico, not even letting a megastorm get in his way.


NEXT: Nicolas Ghesquière >>

 

Vote Here for Newsmaker of the Year >>

 

View Slideshow
Page:  « Previous ... ... Next »
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Business


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or