PVH’s to support Save the Children’s Youth Employment Training and Early Childhood Care and Development programs in Sub-Saharan Africa

NEW YORK, 2016-Sep-21 — /EPR Retail News/ — PVH Corp. (NYSE:PVH) today (Sep. 20, 2016) announced that it will be earmarking $1 million of its 2014 commitment to Save the Children to support programs in Sub-Saharan Africa over the next three years.

The investment comes as part of PVH’s recent business focus on the Sub-Saharan Africa region, including a woven shirt factory under construction in Ethiopia’s Hawassa Industrial Park to be operated as part of a joint venture, sourcing in Kenya and branded product sales through various partners in the region.

PVH’s funding will support programs on Youth Employment Training and Early Childhood Care and Development (ECCD). Save the Children is supporting the national efforts to increase youth employment, entrepreneurship and skills development by implementing education and livelihood programs focusing on vulnerable young people. The organization is targeting disadvantaged children and youth aged 15-24 years old. Save the Children’s ECCD programs strengthen and sustain early learning and school readiness for children aged 4-6 years old.

“Our philanthropic mission is to support the needs of women and children around the world. We are working to drive positive impacts through our efforts to create a ‘best-in-class’ apparel manufacturing industry inEthiopia, improve access to high quality early childhood education and provide essential employment training,” said PVH Chairman and Chief Executive Officer, Emanuel Chirico. “Today’s children will be our future CEOs, employees and customers, and this investment allows us to better support Save the Children’s efforts to create lasting changes in the lives of children in need.”

“PVH has been a committed partner to Save the Children for more than a decade,” said Carolyn Miles, President and CEO of Save the Children “We are so grateful for their support of children from preschoolers to young adults.”

PVH & Save the Children

In December 2014, PVH announced a worldwide partnership with Save the Children supporting their programming with a multi million dollar commitment over five years from The PVH Foundation. PVH associates around the word are passionate about supporting the organization through a global Sponsor-A-Child program, associate volunteer site visits and other initiatives. PVH Chairman and CEO Manny Chirico also joined Save the Children’s Board of Trustees, furthering support of their efforts.

About PVH Corp.

With a history going back over 130 years, PVH Corp. has excelled at growing brands and businesses with rich American heritages, becoming one of the largest apparel companies in the world. We have over 30,000 associates operating in over 40 countries and over $8 billion in annual revenues. We own the iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo*, Warner’s and Olga brands and market a variety of goods under these and other nationally and internationally known owned and licensed brands.

*The Speedo brand is licensed for North America and the Caribbean in perpetuity from Speedo International, Ltd.

About Save the Children

Save the Children gives children in the United States and around the world a healthy start, the opportunity to learn and protection from harm. We invest in childhood — every day, in times of crisis and for our future. Follow us on Twitter and Facebook.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Forward-looking statements in this press release, including, without limitation, statements relating to its plans, strategies, 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: (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 Company may be considered to be highly leveraged and uses a significant portion of its cash flows to service its indebtedness, as a result of which the Company might not have sufficient funds to operate in the manner it intends or has operated in the past; 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, whether as a result of the receipt of new information, future events or otherwise.

Media / Investors:
PVH Corp.
Dana Perlman
212-381-3502
investorrelations@pvh.com

Source: PVH Corp.

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