WASHINGTON — Emanuel Chirico, chairman and chief executive officer of PVH Corp., who participated on a panel addressing tax reform issues in the nation’s capital on Thursday, said a Congressional proposal to impose a border tax on imports has created volatility and uncertainty and has real implications on future investment decisions.
Chirico also cautioned that putting up a “wall” to trade is not the answer to future growth and declared that the “ship has sailed” on apparel manufacturing in the U.S., which he does not believe will return on a large scale. He didn't comment on textile production, which has seen a revival in areas such as yarns and knitwear.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)