$3 BILLION IS A SHIT LOAD OF MONEY FOR A BRAND THAS ON THE DECLINE, I WONDER WHAT THEY HAVE IN-STORE.
Manhattan, New York-based Phillips-Van Heusen, the apparel company that owns brands such as Calvin Klein, Kenneth Cole and Izod, announced Monday that it would acquire Tommy Hilfiger from private-equity firm Apax Partners in a $3 billion buyout deal. Apax acquired Hilfiger in 2006 for $1.6 billion.
The Tommy Hilfiger brand – preppy, lots of color – debuted in 1985 with a clothing line for men, then expanded into shoes, accessories, fragrance and home products for men, women and kids. The Hilfiger brand really shot through the roof in the ’90s, but by the later part of the decade consumer tastes were shifting and Hilfiger was no longer the ‘it’ fashion brand.
Y&G
stopped wearin his shxt when he said “If i knew blacks were gonna be wearing my clothes, i would have never designed them.” SO WE AS A GROUP STOPPED SPORTIN HIS SHIT! NOW LOOK!
sincere
With everything that going in the world today maybe Van Heusen knows something that we don’t know yet like when Diddy acquire Enyc.The Rich Just got richer.
Gena
Oh wow Wheredeydodatat Goes to show how much money these clothiers actually have in Gross profit margins.
Shadowstare
I had no idea Van Heusen was balling like THAT.
Done Rite
i thought it waas just a rumor bout dat tommy hilfiger dude bein racist?
Jane Doe
^^ It was a rumor, people are just sheep and believe whatever they hear even without proof.
Ac@pella!
Tommy Hilfiger was the shit back in ’98 when I was in the 6th grade! Lol! I had to HAVE all Tommy, Guess, and FUBU…then that shit got played out by next year. Lol. Ahhh, those were the days… 🙂
Y&G
MEN LIE WOMEN LIE NUMBERS DONT LOL
& OPRAH DONT LIE LOL