PVH Corp., the parent company of Calvin Klein and Tommy Hilfiger, is facing an investigation by China's commerce ministry. The country is accusing the U.S. firm of violating normal market trading practices related to the Xinjiang region.
This investigation could have significant implications for PVH's operations and supply chain in China. The company generates approximately 6% of its 2024 revenue and 20% of its 2024 income before interest and taxes from the Chinese market.
The probe introduces geopolitical risk and potential for material impact on PVH's ability to operate, sell, or invest in the region. The outcome of this investigation will be closely watched by investors and industry observers.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.