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Calvin Klein Owner PVH Tumbles 20% on Warning of Europe Weakness

Calvin Klein tapped Jeremy Allen White for its latest underwear campaign.
The clothier, which also owns the Tommy Hilfiger, said it expects revenue this year to decrease 6 percent to 7 percent, compared with a 2 percent increase last year. (Mert Alas)

PVH Corp. shares plunged 20 percent in late trading after the company gave full-year sales guidance that fell short of expectations.

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