Investor Relations > Press Releases

PVH Corp. Announces It Will Join the Accord on Fire and Building Safety in Bangladesh

PVH Joins with Same Coalition of NGOs and Labor Unions to Update its Landmark Agreement Entered into in March 2012

NEW YORK--(BUSINESS WIRE)--May. 13, 2013-- PVH Corp. (NYSE: PVH) announced today that it has agreed in principle to an Accord on Fire and Building Safety with the same group of non-governmental organizations consisting of Clean Clothes Campaign, Worker Rights Consortium, The International Labor Rights Forum, and Maquila Solidarity Network, as well as a group of eight international and Bangladeshi trade unions, that established the landmark 2012 Joint Memorandum of Understanding on Fire and Building Safety.

The agreement expands to five years (from two) a fire and building safety program to be led by a multi-stakeholder task force for the purposes of establishing an in-factory training program; facilitating the creation of factory health and safety committees; reviewing existing building regulations and enforcement; developing a worker complaint process and mechanism for workers to report health and safety risks; and advising a lead Safety Inspector.

The Safety Inspector will design and implement a fire safety inspection program based on internationally recognized workplace safety standards. The Safety Inspector will also direct and oversee the various other elements of the program.

The program will be financed by the participating companies. PVH will commit up to $2.5 million to underwrite the program. PVH has invited industry partners to join it, German retailer Tchibo (who joined the original MOU in the fall) and H&M, which announced today that it will join the Accord, to join it in this effort.

PVH Corp., one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Warner’s, Olga, Bass and G.H. Bass & Co., and its licensed brands, including Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, DKNY, Ike Behar and John Varvatos.


Forward-looking statements made in this press release, including, without limitation, statements relating to the Company’s plans, objectives, expectations and intentions, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy, and some of which might not be anticipated, including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the Memorandum of Understanding discussed in this release may not be implemented if other companies do not agree to be bound by its terms or the terms may be materially changed prior to their being implemented or afterwards; and (iii) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to update publicly any forward-looking statement, including, without limitation, any estimate regarding earnings, whether as a result of the receipt of new information, future events or otherwise.

Source: PVH Corp.

PVH Corp.
Dana Perlman, 212-381-3502 (Investors)
Treasurer, SVP – Business Development and Investor Relations
HL Group
Chris Giglio, 646-460-8901 (Media)
Executive Vice-President



Filter News by Brand and Year:

Tommy Hilfiger Announces License Agreement with G-III Apparel Group, Ltd. for Women’s Dress Collection / 10.2.15

Van Heusen Introduces Flex Collar Dress Shirt Featuring Exclusive Technology Providing Half an Inch of Expanding Collar Comfort without Compromising Shirt Structure / 9.17.15

Calvin Klein, Inc. to Reacquire Calvin Klein Platinum Label Accessories License from CK21 / 9.3.15

PVH Corp. Reports 2015 Second Quarter Results Above Guidance and Raises Full Year EPS Guidance on a Non-GAAP Basis / 8.26.15

PVH Corp. to Participate in the Goldman Sachs 22nd Annual Global Retailing Conference September 9, 2015 / 8.25.15

PVH Corp. to Host Conference Call to Discuss Second Quarter 2015 Earnings Results / 8.7.15

PVH Corp. Announces New Agreement with and Revised Role for Fred Gehring / 7.31.15

Missy Franklin Joins Team Speedo / 6.18.15

PVH Corp. Annual Meeting of Stockholders June 18, 2015 / 6.10.15

Women Spoke and Warner’s Listened: Revolutionary New Warner’s Collection Solves “Bra-Blems” / 6.3.15

PVH Corp. to Participate in the 35th Annual Piper Jaffray Consumer Conference on June 10, 2015 / 6.2.15

PVH Corp. to Participate in the 4th Annual Nomura Retail Conference on June 9, 2015 / 6.2.15

PVH Corp. Reports 2015 First Quarter Results, Raises Full Year EPS Guidance on a Non-GAAP Basis and Announces Stock Repurchase Authorization / 6.1.15

PVH Corp. Announces License Agreement with Accutime Watch Corp. for Van Heusen Men’s and Boys‘ Watches in the U.S. & Canada / 5.27.15

Tommy Hilfiger Celebrates 30th Anniversary with Exclusive Fashion Show and After Party in Beijing, China / 5.27.15

PVH Corp. Launches New IZOD Tour+ Golf Apparel Line Delivering Premium Performance and Style / 5.21.15

PVH Corp. to Host Conference Call to Discuss First Quarter 2015 Earnings Results / 5.19.15

Tommy Hilfiger to Celebrate 30th Anniversary with Exclusive Fashion Show and New Store Opening in Beijing, China / 4.30.15

SPEEDO Launches the Fastskin LZR Racer X, the Newest Elite Racing Suit / 4.15.15

Calvin Klein Jeans Announces Global Limited Edition Denim Series Featuring Kendall Jenner / 3.26.15

PVH Corp. Reports 2014 Fourth Quarter and Full Year Results and Announces 2015 Outlook / 3.25.15

PVH Corp. to Host Conference Call to Discuss Fourth Quarter 2014 Earnings Results / 3.11.15

CORRECTING and REPLACING Insignia Design Group and G-III Apparel Group Partner to Launch Vilebrequin Neckwear / 2.3.15

Insignia Design Group and G-III Apparel Group Partner to Launch Vilebrequin Neckwear / 2.3.15

Tommy Hilfiger to Publish Memoir with Random House / 1.29.15

Tommy Hilfiger Transforms Sales Experience with Launch of Innovative Digital Showroom / 1.21.15

PVH Corp. Announces Closing of Izod Retail Division / 1.7.15

Calvin Klein Jeans and Calvin Klein Underwear Bring Together Global Superstar Justin Bieber and Supermodel Lara Stone for Spring 2015 Global Advertising Campaign / 1.7.15