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Tag: Arrow

  • Arrow holds IoT innovation showcase in Shenzhen

    Arrow holds IoT innovation showcase in Shenzhen

    Arrow Electronics has held an internet of things (IoT) innovation showcase in Shenzhen aimed at connecting innovative Hong Kong startups with technology companies in China.

    The event attracted 500 attendees from all sections of the IoT ecosystem in Hong Kong and China, providing a platform for IoT businesses in China and Hong Kong to collaborate.

    As well as startups and entrepreneurs, international technology manufacturers, IoT solution providers and system integrators attended.

    Notable attendees included Analog Devices, Cypress, Honeywell, Infineon, Intel, Nexperia, NXP, ON Semiconductor, Qualcomm, and STMicroelectronics.

    Arrow Electronics components president for APAC Simon Yu said that recent research from the Chinese University of Hong Kong and Hong Kong Baptist University found that entrepreneurship in Hong Kong and Shenzhen has grown 206% and 284% respectively between 2009 and 2016. But innovation in some major areas including the IoT is being held back due to limited engineering expertise and production resources.

    “Arrow has long supported technology innovation in Hong Kong and China,” he said.

    “Our engineering expertise and IoT industry reputation, especially in the greater China area, can definitely assist IoT startups in removing key barriers and connecting them with the ecosystem players on their road to innovation entrepreneurship and social impact.”

    Arrow Electronics last year opened the Arrow Open Lab at Science Park to help support entrepreneurship and innovation in Hong Kong. This week’s event built on that initiative.

  • Fashion house Calvin Klein rebranding

    Fashion house Calvin Klein rebranding

    Fashion house Calvin Klein, a wholly owned subsidiary of PVH, plans to rebrand its men’s and women’s contemporary apparel and accessories business.

    It is changing from Calvin Klein Platinum to CK Calvin Klein, with a global roll-out of the new branding to start this month.

    In Asia and Japan, in coordination with licensing partners Club21 and Onward Kashiyama respectively, the CK Calvin Klein rebranding will be introduced with this year’s spring season. Freestanding stores opening this year in Asia will feature the new branding, while existing stores will be transitioned on a rolling basis.

    Founded in the US in 1968 by Calvin Klein and his business partner Barry Schwartz, the company had global retail sales exceeding US$8 billion in 2015 with distribution in more than 110 countries. Calvin Klein employs more than 10,000 people globally, and was acquired by PVH in 2003.

    With a history of more than 130 years, PVH is an apparel company with a presence in more than 40 countries and more than $8 billion in revenues. As well as Calvin Klein it owns the Arrow, Izod, Olga, Speedo, Tommy Hilfiger, Van Heusen and Warner’s brands.

  • Calvin Klein Hong Kong opens first accessories store

    Calvin Klein Hong Kong opens first accessories store

    Calvin Klein, Inc, a wholly owned subsidiary of PVH Corp, has opened the first Calvin Klein accessories store in Hong Kong, at IFC Mall.

    Located on level one of the mall, the store offers both men’s and women’s Calvin Klein Platinum accessories and leather goods. Its interior features simple geometric forms as a framework for product display, contrasted with oiled wood, rose-toned metal, honed stone and concrete.

    CK Hong Kong accessories store-Matthew Ng

    Product lines under various Calvin Klein brands include women’s dresses and suits, men’s clothing, sportswear, golf apparel, jeanswear, underwear, fragrances, eyewear, hosiery, socks, footwear, swimwear, jewellery, watches, outerwear, handbags, small leather goods and home furnishings (including furniture).

    CK Hong Kong accessories store-Matthew Ng 4

     

    For more than 130 years, PVH Corp. has been growing US brands and businesses, becoming one of the largest apparel companies in the world. It has more than 30,000 associates in 40-plus countries, with more than US$8 billion in revenues last year. As well as Calvin Klein, PVH owns such brands as Arrow, Speedo, Tommy Hilfiger, Van Heusen and Warner’s.

    CK Hong Kong accessories store-Matthew Ng 3

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  • PVH takes control of Tommy Hilfiger China

    PVH takes control of Tommy Hilfiger China

    PVH Corp, the parent of the Tommy Hilfiger brand, is to take full control of its China business.

    PVH, together with funds advised by Apax Partners, will acquire the 55 per cent interest in TH Asia Ltd, their joint venture for Tommy Hilfiger China, which PVH does not already own.

    The purchase price for the transaction is about US$172 million, net of cash of approximately $100 million, subject to adjustment.

    The closing, which is subject to customary closing conditions and regulatory approvals, is expected to occur early in the second quarter of 2016.

    “Today’s announcement represents a significant development for our company as we continue to execute against our key strategic priorities and demonstrates our commitment to making strategic investments to support the long term growth of PVH and our Tommy Hilfiger business,” said Emanuel Chirico, chairman and CEO of PVH.

    “This transaction enables the Tommy Hilfiger business to directly operate its fastest growing market, while leveraging our well-established infrastructure in Asia, our regional leadership expertise and strong brand momentum across both our Tommy Hilfiger and Calvin Klein businesses in the region.”

    This transaction has been envisioned since PVH and the funds advised by Apax Partners established the Tommy Hilfiger China joint venture in connection with the Tommy Hilfiger acquisition in 2010.

    Since 2012, the first full year of operations after the joint venture acquired the Tommy Hilfiger China business from the former licensee, the Tommy Hilfiger business in China has doubled from approximately $70 million in revenue to a projected $140 million in 2015, with over 350 stores, of which 65 are directly operated.

    Daniel Grieder, CEO of Tommy Hilfiger, commented: “We are looking forward to executing a more fully integrated strategy for China that takes advantage of our current momentum in the region. This will allow us to further realise the growth opportunities that exist for the brand by offering consumers a greater breadth of Tommy Hilfiger product lines and a more elevated brand presentation. Building on our strong existing regional foundation, we plan to accelerate the growth of the Tommy Hilfiger business by increasing our brand marketing in China and capitalising on our strong market positioning and price, value proposition. We plan to invest further in driving the expansion of the brand through new store openings (both company-operated and franchised stores) and improved productivity in existing stores, while rapidly expanding our traditional and digital marketing initiatives to further reinforce the brand in this exciting market.”

    PVH Corp owns and markets Calvin Klein and Tommy Hilfiger brands worldwide. It is the world’s largest shirt and neckwear company and markets a variety of goods under its own brands, Van Heusen, Calvin Klein, Tommy Hilfiger, Izod, Arrow, Warner’s and Olga, and its licensed brands, including Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Michael Michael Kors, Sean John and Chaps.

    The other shareholders in the China joint venture include an affiliate of Silas Chou and, indirectly through an investment vehicle controlled by funds advised by Apax Partners, members of Tommy Hilfiger management at the time of the acquisition in 2010, such as Fred Gehring (former CEO and executive chairman, Tommy Hilfiger and current vice chairman of PVH), Daniel Grieder (CEO, Tommy Hilfiger), and Tommy Hilfiger himself.