299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
Published
Sep 30, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Stefan Larsson to become CEO of Tommy Hilfiger and Calvin Klein owner PVH

Published
Sep 30, 2020

As of 2021, the parent company of Tommy Hilfiger and Calvin Klein will be led by a European fast fashion veteran. PVH, which reported $9.9 billion in annual revenues in 2019, has announced that Stefan Larsson will be taking over as CEO, effective next February. 


Emanuel Chirico will pass the role of CEO on to Stefan Larsson next February


The Swedish executive joined the group, led by Emanuel Chirico since 2006, in June 2019. At 63 years old, Chirico, who will stay on at PVH as chairman of the board of directors, has therefore found his successor in this former H&M manager currently serving in the recently created role of president. After roughly a year and a half of observation of PVH's activities and of discussions between the two executives about short and mid-term strategies, Larsson's appointment as the company's future CEO has now been confirmed. 

His CV isn't without its rough spots, however. After some 15 years at H&M, Larsson crossed the Atlantic to become head of Gap-owned Old Navy. With proven experience in brand development, particularly in Asia, the executive also attracted the interest of a number of other large American groups. 

Notably, New York-based Ralph Lauren Corporation and its board of directors fell under his charm. Recruited by the American ready-to-wear giant to revolutionize its organization, reshape its supply chain and develop its offering in 2015, the manager never really found his footing. After only 18 months at the company he therefore stepped down from his role due to "different views on how to evolve the creative and consumer-facing parts of the business," according to an official statement from Ralph Lauren.

His viewpoint should therefore be more in line with that of the current management of PVH, which also saw the CEO of its European business, Daniel Grieder, step down from his role earlier this year. Grieder will take over as CEO of Hugo Boss in early 2021

Nonetheless, Larsson will have a number of challenges to face up to in his new position. Due to the Covid-19 pandemic and the sanitary measures taken to slow its spread, PVH reported a 33% year-over-year decline in its second-quarter revenues and is expecting a 25% decrease in the second half of the year. The group will therefore have to adapt to the new context and manage the large stocks of product left over from the summer. The company has also announced its intention to exit its heritage brands business, which includes the Izod and Van Heussen labels. 

"With Stefan as our next CEO, we are well-positioned to navigate the rapidly changing retail landscape, drive brand relevance and meet the needs of our consumers, while positioning the company for long-term growth," said Chirico in a release. "Stefan’s global experience, consumer focus, and high-performance track record – especially in this unprecedented time of disruption – are unparalleled assets for PVH to succeed in the ‘new normal’ that is taking shape across our industry."

PVH employs more than 40,000 people around the world. 

Copyright © 2024 FashionNetwork.com All rights reserved.