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MarketScreener Homepage  >  Equities  >  Nyse  >  PVH Corporation    PVH

PVH CORPORATION

(PVH)
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PVH : Continues Partnership With CFDA To Produce Inclusion, Diversity and Equity Research Report

10/21/2020 | 08:40am EST

PVH Corp. has expanded its partnership with the Council of Fashion Designers of America (CFDA) as part of our commitment to drive fashion forward - for good. Together, we are advocating for change in the American fashion industry to create a more inclusive workforce.

We are jointly conducting research to better understand how our industry can be more diverse and equitable, with a particular focus on race and the topics of talent acquisition and retention. Our collective surveys will produce an industry-wide report - as well as recommendations on how PVH, our partners and our peers can improve workplace opportunity for all.

'PVH is extremely pleased to partner once again with CFDA on this critically important work. We recognize the tremendous opportunity we have to bring greater inclusion and diversity to the fashion industry, and this work will help us identify the actions and initiative that will have the most meaningful impact,' Lance LaVergne, Chief Diversity Officer & SVP, Global Talent Acquisition & Associate Experience, of PVH.

Our research, based on surveys from hundreds of stakeholders, builds upon our co-authored industry briefing Insider/Outsider and our industry-wide forum that delved into dimensions of diversity, outlining opportunities to strengthen our industry.

The goals of the current study include helping companies quantify their culture's strengths and opportunities for improvement; providing insight into actionable steps towards a more inclusive and diverse future; and fostering a talent pipeline for under-represented communities.

This important effort began many months ago; unfortunately, it was postponed due to the impacts of the COVID-19 pandemic. We are pleased to be able to reinstate this critical work.

We are now gathering insights from fashion companies, designers and students, and we look forward to sharing our findings in a white paper slated to be released in the coming months.

'We started collaboration with PVH in 2018 intending to create pathways for a more equitable fashion industry. Equity in our industry is more urgent now than ever and, thus, CFDA is pleased to continue the collaborative research efforts with PVH. We hope that these findings will increase knowledge and evoke discussion amongst fashion companies to drive transformation in talent acquisition and development practices toward a diverse, equitable, and inclusive future,' CaSandra Diggs, President, CFDA.

The CFDA and PVH are committed to holding the American fashion industry accountable for making changes and taking actions - both in the immediate and in the future - to effect change. Together, we intend to continue to build a future that is better for business, better for creativity and better for people.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 7 161 M - -
Net income 2021 -1 094 M - -
Net Debt 2021 2 159 M - -
P/E ratio 2021 -6,55x
Yield 2021 0,04%
Capitalization 7 130 M 7 130 M -
EV / Sales 2021 1,30x
EV / Sales 2022 1,01x
Nbr of Employees 30 750
Free-Float 82,0%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 100,38 $
Last Close Price 100,28 $
Spread / Highest target 29,6%
Spread / Average Target 0,10%
Spread / Lowest Target -13,2%
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Managers and Directors
NameTitle
Emanuel Chirico Chairman & Chief Executive Officer
Stefan Larsson President
Michael Alan Shaffer Chief Operating & Financial Officer, Executive VP
Eileen Mahoney Chief Information Officer & Executive VP
Joseph B. Fuller Independent Director
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