Lawrence S. Phillips, former chairman and chief executive officer of Phillips-Van Heusen Corp. died Friday afternoon after a long illness at his home in Florida.
Phillips, whose great-grandfather founded the company in 1881, retired from the company’s board in 1995
Born in 1927, Phillips graduated from Princeton University. He sat on the boards of Petsmart in Phoenix and the Fashion Institute of Technology. He also served as the chairman of American Jewish World Service, the New York international relief organization, which he founded.
Phillips turned over the reins of the company to Bruce J. Klatsky, former chairman and ceo. The company today is run by Emanuel Chirico, chairman and ceo.
Phillips is survived by his children, Laura and David, several grandchildren and sister Carol Green.
Over the company’s history, PVH has evolved from a primarily North American menswear business into a diversified global company with over $8 billion in 2014 revenues through a combination of strategic acquisitions and growing their diversified brands across wholesale, retail, e-commerce and licensing channels.