Tommy Hilfiger owner cuts headcount by 20% as sales drop €10m in pandemic
Group took €841,000 in government wage supports as profits in Ireland fell by nearly 50%
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 ...