1415 ET - PVH says it remains fully committed to the Chinese market, despite being added to the unreliable entities list, essentially a blacklist of companies. CEO Stefan Larsson says on a call with analysts that the move by the Chinese government in February was "unprecedented for a global consumer company." Nevertheless, Larsson says, "We remain fully committed to serving our Chinese consumers as we have for the last 20 years, and we are investing in our growth in China for the long term." Larsson adds, "We continue to engage with MOFCOM [China's Ministry of Commerce] and we work towards a positive resolution." PVH surges 18% after the owner of the Calvin Klein and Tommy Hilfiger brands posted better-than-forecast results and gave a stronger-than-expected outlook. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 01, 2025 14:15 ET (18:15 GMT)
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