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In May 2021, PVH was reported as exploring a sale of the Heritage Brands division, with Authentic Brands Group as a potential buyer. [10] The sale was officially announced on June 23, 2021, consisting of Izod, Van Heusen, Arrow, and Geoffrey Beene. [2] The sale was completed on August 2, 2021.
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The sale closed on August 2, 2021. Under Authentic Brands Group, United Legwear & Apparel Company was granted the license for the Van Heusen, Arrow, and Geoffrey Beene brands, while Centric Brands was granted the license for the Izod brand. A sale of the Warner's, Olga, and True&Co brands to Basic Resources followed in November 2023. [24]
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In August 2015, James Harden left Nike for Adidas by signing a 13-year contract reportedly worth US$200 million. [ 110 ] In rugby union , Adidas is the current kit supplier to the All Blacks , the France national team , the Italian national rugby team and the South African Stormers and Western Province rugby union teams among others.
After the sale, the company shifted its focus to casual clothing and expanded to 61 stores and made $250 million in sales by 1988. [6] This shift included the company dropping the tagline "Expedition Outfitter." [11] In 1987, Eddie Bauer introduced the "All Week Long" concept.