CG Stocks Vigilant= PVH Corp (NYSE:PVH), Snyder’s-Lance Inc (NASDAQ:LNCE)

PVH Corp (PVH) announced that its Tommy Hilfiger Licensing LLC subsidiary has entered into a license agreement with Peerless Clothing International, Inc. for the Tommy Hilfiger men’s tailored clothing business for North America beginning January 1, 2018. The business is currently operated by Marcraft Clothes, Inc. PVH is moving the license to Peerless in order to consolidate the North America men’s tailored businesses for all of its brands under one partner. In connection therewith, the terms of all the licenses were amended to run through at least December 31, 2022. No other terms were disclosed.

Emanuel Chirico, Chairman and CEO of PVH said, “We have had a long-standing and successful relationship with Peerless, which has been the licensee for our Calvin Klein, Van Heusen, and IZOD brands for several years. We believe it best serves the needs of our Company and brands to have all of the men’s tailored businesses under the direction of one partner and that Peerless is well-positioned to build upon the success to date of the Tommy Hilfiger men’s tailored clothing business.”

Alvin Segal, Chairman and CEO of Peerless Clothing International said, “We are pleased and honored that PVH has chosen to have Peerless as its licensee in North America for all its brands for men’s tailored clothing.”

“We are excited to expand our relationship with PVH to include the Tommy Hilfiger brand,” added Ronny Wurtzburger, President, Peerless Clothing International. “We believe that the brand’s rich American heritage and preppy with a twist designs will be a great addition to our offerings under PVH’s brands and will allow us to better serve all of PVH’s businesses and consumer tastes.”

Snyder’s-Lance Inc (LNCE) announced that it will release its fourth quarter and full year 2016 results before the market opens on Monday, February 13, 2017, followed by a conference call and live webcast at 9:00 a.m. ET to review the Company’s results.  The conference call will be webcast live through the Investor Relations section of the Company’s website at www.snyderslance.com, where the accompanying slide presentation will also be available.

To participate in the conference call, the dial-in number is (844) 830-1960 for U.S. callers or (315) 625-6883 for international callers.  The conference ID is 56297381.  A continuous telephone replay of the call will be available between 12:00 p.m. ET on February 13 and 12:00 a.m. ET on February 20.  The replay telephone number is (855) 859-2056 for U.S. callers or (404) 537-3406 for international callers.  The replay access code is 56297381.  Investors may also access a web-based replay of the conference call at www.snyderslance.com.

 

 

 

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