News Formal

Tommy Hilfiger owner cuts headcount by 20% as sales drop €10m in pandemic | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Tommy Hilfiger owner cuts headcount by 20% as sales drop €10m in pandemic, reports donalmacnamee97.

Tommy Hilfiger’s owner reduced its headcount from 241 to 195 staff as the pandemic closed its business for much of the year

The company that owns Tommy Hilfiger in Ireland cut its workforce by a fifth last year as the pandemic knocked more than €10 million off its revenues. PVH Brands Limited, which operates 10 Hilfiger retail outlets around Ireland, reported after-tax profits of €202,000 in its most recent financial period, recently filed accounts show.

The figure represents a 48 per cent drop-off on the €393,000 profit posted by the group in its 2020 fiscal period, and followed...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Angel investors to plough €10m into sustainable Irish start-ups | Business PostHalo Business Angel Network to establish new ‘impact syndicate’ with investment focused on sustainable start-ups around Ireland
Source: businessposthq - 🏆 8. / 71 Read more »