PVH Corp. Announces Global Restructuring, 4% Workforce Reduction

PVH Corp. announced a global enterprise-wide initiative to accelerate strategic priorities, improve productivity, and strengthen long-term growth. The plan includes workforce reductions of approximately 4% globally, primarily in non-consumer-facing roles. The company expects to achieve at least $100 million in pre-tax cost reductions in fiscal 2027, with projected net pre-tax annualized cost savings of at least $150 million starting in fiscal 2028. The initiative is expected to be completed by the end of fiscal 2027.