08 March 2022, Mumbai:
PVH Corp., a worldwide recognised American apparel behemoth, has announced that its stores in Russia and Belarus would close as of today (7 March).
Following Russia's invasion of Ukraine, the company's e-commerce sites in Russia were shut down on February 28. PVH's main concern in the last ten days has been for all persons affected by the fighting in Ukraine and the rising humanitarian situation.
As a result, the owner of Calvin Klein and Tommy Hilfiger is dedicated to offering complete financial, operational, and spiritual assistance to all impacted workers and loved ones. Notably, the retail company has said that all employees would continue to receive their wages and benefits.
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"Through a corporate gift to the Red Cross and assistance of relief organizations in the region working to send critical supplies to those in need in badly hit parts of Ukraine and along its borders, PVH is continuing our charitable efforts."
In a LinkedIn post, PVH wrote, "Our employees continue to give to organizations in Europe through Global Giving's Ukraine Crisis Relief Fund, where their donations are double matched."
PVH, which was founded in 1881, is one of the world's most well-known and renowned fashion houses, having customers in more than 40 countries. Calvin Klein and Tommy Hilfiger are two of the company's most well-known brands.
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CREDITS: PVH & Apparel Resources.
