We leverage our best-in-class global infrastructure, sourcing network, brand focused management and marketing teams to support each of our three business groups — Calvin Klein, Tommy Hilfiger and Heritage Brands — through a strategic combination of wholesale, retail and licensing operations.
We market our brands at multiple price points and across multiple channels of distribution and geographies, which allows us to provide products to a broad range of consumers, while minimizing competition among our brands and reducing reliance on any one demographic group, merchandise preference, distribution channel or region.
Today, we operate the following business groups: Calvin Klein, Tommy Hilfiger and Heritage Brands (dress furnishings, sportswear and retail businesses utilizing our Van Heusen, IZOD, ARROW and Bass brands, in addition to numerous licensed brands).
With worldwide retail sales of approximately $6.7 billion in 2010, we believe Calvin Klein is one of the best known designer names in the world, offering a modern design aesthetic.
The Calvin Klein brands — Calvin Klein Collection, ck Calvin Klein and Calvin Klein — provide us with the opportunity to market products both domestically and internationally at higher price points, in higher-end distribution channels and to different consumer groups than most of our Heritage Brands business product offerings. Our Calvin Klein business primarily consists of (i) Calvin Klein Licensing – a licensing organization managing arrangements with over 40 third parties and our own Calvin Klein Collection men’s and women’s wholesale high-end apparel and New York City flagship businesses and (ii) Calvin Klein Apparel – including Calvin Klein dress furnishings, men’s better sportswear businesses and Calvin Klein retail stores.
With worldwide retail sales of approximately $4.6 billion in 2010, Tommy Hilfiger, which is distributed in over 90 countries, is a global designer lifestyle brand. The brand celebrates the essence of “classic American cool” and "preppy with a twist" designs, and occupies a distinct position as an accessible but premium brand. Tommy Hilfiger offers a wide range of high quality apparel, accessories and lifestyle products with a diverse consumer following and strong global brand awareness. We sell Tommy Hilfiger products under two main brands, Tommy Hilfiger and Hilfiger Denim, distribute Tommy Hilfiger products at wholesale and retail, and license the Tommy Hilfiger brands for an assortment of products and in various countries and regions. Tommy Hilfiger products are available from the Company through wholesale operations and at retail locations in North America, Europe, Japan, China and India and are also distributed in Europe, Southeast Asia, Central and South America and the Caribbean through licensees, franchisees and distributors.
With 2010 worldwide retail sales of approximately $3.3 billion, our Heritage Brands business encompasses the design, sourcing and marketing of a varied selection of branded label dress shirts, neckwear, sportswear and footwear, as well as the licensing of our owned brands (other than the Calvin Klein and Tommy Hilfiger brands), for an assortment of products. We distribute our Heritage Brands products at wholesale and through our own retail stores (Van Heusen, IZOD and Bass) in the United States and Canada.
We are a company transformed, focused on global growth. By leveraging our best-in-class platforms, which encompass wholesale, retail and licensing operations, we seek to further penetrate our iconic lifestyle brands across new categories, existing markets and new markets. We believe that we have multiple growth opportunities driving worldwide retail sales of our Calvin Klein, Tommy Hilfiger and Heritage Brands businesses.
We grow global brands. PVH leverages a diversified portfolio of brands — including Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, and GH Bass & Co. — and markets them globally. Our operational expertise, dedicated team of associates and leaders, and commitment to each brand's core values, allow us to gain market share as we pursue new markets and product categories globally.