PVH Corp.’s third-quarter profits slipped, but topped expectations as Stefan Larsson continued on the next leg of his journey, resetting Calvin Klein and Tommy Hilfiger while transforming the company from a key fashion consolidator into a more nimble brand builder.

“It’s a multiyear journey that we are in the middle of,” Larsson, who’s been chief executive officer since 2021, said in an interview Wednesday. “It’s all about leaning into the core strengths of these beloved iconic brands.

“There are only a handful of those globally and we have two,” he said, referring, of course, to Tommy Hilfiger and Calvin Klein . “It is a long game where we, quarter after quarter and season after season, drive relevance in product, in marketing and in the shopping experience. The macro [economic

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