"Disappointing Update": Calvin Klein Owner PVH Crashes Most Since 1987 After Dismal Outlook
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Source: Zero Hedge
Published: 2026-06-05 01:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Africa, Europe, Iran, War & Conflict
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Snippet:
The apparel company behind Calvin Klein and Tommy Hilfiger was hammered in early U.S. cash trading, falling as much as 30%, its steepest intraday crash since 1987. Analysts were spooked by sustained pressure across the Europe, Middle East, and Africa region, where the prolonged U.S.-Iran conflict and softer consumer demand are now weighing on its revenue outlook.
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