November 7, 2001 |
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 |
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.
January 26, 1995 |
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.
July 31, 1987 |
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.
July 11, 1987 |
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.