By  on January 22, 2009

Add Phillips-Van Heusen Corp. to the list of apparel vendors cutting back in response to a brutal business climate.

The New York-based owner of the Calvin Klein, Izod and Van Heusen trademarks, among other brands, will take an $85 million pretax charge in the fourth quarter in connection with a restructuring of operations that includes the elimination of about 400 jobs, closure of 175 stores and the shutdown of its domestic production of men’s neckwear.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus