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Phillips Van Heusen Corp

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BUSINESS
January 26, 1995 | Times Staff and Wire Reports
Izod Label Is Part of Purchase: Phillips-Van Heusen Corp. said it has agreed to buy Crystal Brands Inc.'s apparel group for $114.7 million cash. The acquisition includes the Izod, Gant and Salty Dog brand names. Phillips-Van Heusen, based in New York, is best known for its Bass brand footwear and Van Heusen and Geoffrey Beene men's clothing. Crystal Brands, based in Southport, Conn., has been operating under Chapter 11 bankruptcy protection.
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BUSINESS
January 22, 2009 | Andrea Chang
In a dramatic cost-cutting move, home furnishings retailer Williams-Sonoma Inc. said Wednesday that it would cut 18% of its workforce, reduce its inventory and close a call center and distribution facility. The San Francisco-based company, which is also parent of the Pottery Barn chain, said the series of actions would reduce costs by about $75 million in fiscal 2009. The announcement came on yet another day of bad news for the retail industry. Women's retailer Charlotte Russe Holding Inc.
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BUSINESS
July 31, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen Corp. has agreed to pay $79 million for G. H. Bass & Co., the New England shoemaker that has found an enduring market for its 50-year-old Bass Weejuns loafer, it was announced Thursday. As part of several major transactions announced Thursday, some of which appeared to strengthen the company's ability to fight off a possible hostile takeover, Phillips-Van Heusen said it will buy back slightly more than a third of its stock for $145.6 million.
BUSINESS
December 18, 2002 | From Associated Press
In a coup that will bolster its presence in the designer world, Phillips-Van Heusen Corp., known for making conservative dress shirts, is buying flashy designer house Calvin Klein Inc. The value of the transaction includes $400 million in cash, about $30 million in PVH stock and warrants and financial incentives for Klein himself based on future sales of the Calvin Klein brand. The world's largest shirt maker said the price could climb as high as $700 million.
BUSINESS
December 18, 2002 | From Associated Press
In a coup that will bolster its presence in the designer world, Phillips-Van Heusen Corp., known for making conservative dress shirts, is buying flashy designer house Calvin Klein Inc. The value of the transaction includes $400 million in cash, about $30 million in PVH stock and warrants and financial incentives for Klein himself based on future sales of the Calvin Klein brand. The world's largest shirt maker said the price could climb as high as $700 million.
BUSINESS
November 7, 2001 | Associated Press
Phillips-Van Heusen Corp. said it will eliminate 1,200 jobs, or 12% of its work force, and lowered financial forecasts, citing a weak economic environment that worsened "dramatically" after Sept. 11. The company, maker of Van Heusen dress shirts and Izod brand apparel, said it now expects earnings of 45 cents for the third quarter, compared with analysts' expectations of 51cents, with sales down 9%.
CALIFORNIA | LOCAL
July 21, 2000 | GINA PICCALO, SPECIAL TO THE TIMES
The officials who control Los Angeles County beaches thought that lifeguards should make a bolder fashion statement, the popularity of "Baywatch" notwithstanding. But a resulting deal with Izod has many lifeguards fuming this week over their new red, black and white togs, complete with the prominent logo of the clothing manufacturer. They say that the new uniforms are unprofessional and downright ugly, with their bold stripes and baggier fits.
BUSINESS
January 22, 2009 | Andrea Chang
In a dramatic cost-cutting move, home furnishings retailer Williams-Sonoma Inc. said Wednesday that it would cut 18% of its workforce, reduce its inventory and close a call center and distribution facility. The San Francisco-based company, which is also parent of the Pottery Barn chain, said the series of actions would reduce costs by about $75 million in fiscal 2009. The announcement came on yet another day of bad news for the retail industry. Women's retailer Charlotte Russe Holding Inc.
BUSINESS
July 11, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen, the shirt maker that became one of the country's largest apparel manufacturers, said Friday that a company owned by Texas multimillionaire Caroline Hunt Schoellkopf has made an unsolicited $22-per-share takeover bid. Phillips-Van Heusen said its board will consider the all-cash offer from Rosewood Financial, which owns 19.7% of the New York company's 15 million shares outstanding, after it is reviewed by the company's financial and legal advisers.
BUSINESS
November 7, 2001 | Associated Press
Phillips-Van Heusen Corp. said it will eliminate 1,200 jobs, or 12% of its work force, and lowered financial forecasts, citing a weak economic environment that worsened "dramatically" after Sept. 11. The company, maker of Van Heusen dress shirts and Izod brand apparel, said it now expects earnings of 45 cents for the third quarter, compared with analysts' expectations of 51cents, with sales down 9%.
CALIFORNIA | LOCAL
July 21, 2000 | GINA PICCALO, SPECIAL TO THE TIMES
The officials who control Los Angeles County beaches thought that lifeguards should make a bolder fashion statement, the popularity of "Baywatch" notwithstanding. But a resulting deal with Izod has many lifeguards fuming this week over their new red, black and white togs, complete with the prominent logo of the clothing manufacturer. They say that the new uniforms are unprofessional and downright ugly, with their bold stripes and baggier fits.
BUSINESS
January 26, 1995 | Times Staff and Wire Reports
Izod Label Is Part of Purchase: Phillips-Van Heusen Corp. said it has agreed to buy Crystal Brands Inc.'s apparel group for $114.7 million cash. The acquisition includes the Izod, Gant and Salty Dog brand names. Phillips-Van Heusen, based in New York, is best known for its Bass brand footwear and Van Heusen and Geoffrey Beene men's clothing. Crystal Brands, based in Southport, Conn., has been operating under Chapter 11 bankruptcy protection.
BUSINESS
July 31, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen Corp. has agreed to pay $79 million for G. H. Bass & Co., the New England shoemaker that has found an enduring market for its 50-year-old Bass Weejuns loafer, it was announced Thursday. As part of several major transactions announced Thursday, some of which appeared to strengthen the company's ability to fight off a possible hostile takeover, Phillips-Van Heusen said it will buy back slightly more than a third of its stock for $145.6 million.
BUSINESS
July 11, 1987 | NANCY RIVERA BROOKS, Times Staff Writer
Phillips-Van Heusen, the shirt maker that became one of the country's largest apparel manufacturers, said Friday that a company owned by Texas multimillionaire Caroline Hunt Schoellkopf has made an unsolicited $22-per-share takeover bid. Phillips-Van Heusen said its board will consider the all-cash offer from Rosewood Financial, which owns 19.7% of the New York company's 15 million shares outstanding, after it is reviewed by the company's financial and legal advisers.
BUSINESS
March 24, 2006 | From Reuters
Major U.S. clothing makers urged a Mexican state governor to ensure the safety of a labor activist who says he is under threat for defending garment workers' rights. In a letter, the companies called on Puebla Gov. Mario Marin to protect Martin Barrios, his family and other members of a local rights commission who have brought complaints against factories that make clothes for top U.S. brands. The companies are Gap Inc., American Eagle Outfitters Inc., Levi Strauss & Co.
BUSINESS
August 23, 2001
* Starwood Hotels & Resorts Worldwide Inc. said it will end the energy surcharge at its U.S. hotels on Nov. 15, making it the nation's last major hotel operator to drop the unpopular fee designed to offset high energy prices. Starwood operates the Sheraton and Westin chains. * * Maytag Corp. plans to open a factory in Mexico next year to assemble components for its appliances, the company's first such facility outside the U.S.
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