PVH Corp. is moving its Tommy Hilfiger men’s tailored business in North America to Peerless Clothing International next year.
The business is currently run by Marcraft Clothes Inc.
The move consolidates all of PVH’s men’s tailored businesses under Peerless, which will hold all of lines under licenses that run at least through 2022.
“We have had a long-standing and successful relationship with Peerless, which has been the licensee for our Calvin Klein, Van Heusen and Izod brands for several years,” said Emanuel Chirico, PVH’s chairman and chief executive officer. “It best serves the needs of our company and brands to have all of the men’s tailored businesses under the direction of one partner.”
Ronny Wurtzburger, Peerless’ president, said Hilfiger’s “rich American heritage and preppy-with-a-twist designs will be a great addition to our offerings under PVH’s brands and will allow us to better serve all of PVH’s businesses and consumer tastes.”