Two of the biggest players of the 90’s will soon be under the same roof. Tommy Hilfiger is entertaining the idea of being bought out by Calvin Klein’s parent company, Phillips-Van Heusen. The deal has been approved by shareholders and plans to purchase Tommy Hilfiger for approximately $3 billion are under consideration. Among other clothing labels, Phillips-Van Heusen is also the parent company of Izod, DKNY, Michael Kors, and Kenneth Cole. Tommy Hilfiger will still play an active role in the preppie based clothing company as principal designer. The American designer earns more than half (65%) of their business generated from international sales. From the over-saturation of the brand in the late 90’s, it has been a long and bumpy road of getting back on sales track. Since then, they have found a new home in partnership with Macy’s since 2007.
- Your Style Guy
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