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PVH Corp. to pursue workforce reductions and cost savings

WWD +1 · ·by G4L

PVH
PVH PVH Corp
$92.69 +0.73%
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  1. 1PVH Corp. is simplifying its corporate structure and reducing costs.
  2. 2CEO Stefan Larson announced an expected global workforce reduction of approximately 4% for PVH Corp.
  3. 3PVH recorded $2.1 billion in revenue for the second quarter ended August 2.

So what's the key point?

PVH Corp. has decided to reduce its global workforce by about 4% to cut costs. This is a move to simplify how the company operates.

Source WWD +1 · View original ↗

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