Tommy Hilfiger Plans Sale of Firm, Source Says
Fashion design company Tommy Hilfiger Corp. is dressing itself up for a possible sale, although the plans are preliminary and it could be a month or two before the process hits full swing, a source familiar with the company’s plans said.
Hilfiger, which settled a federal tax probe of its payments to a foreign unit last week and had suffered from a decline in revenue, probably will field bids from both private-equity firms and other clothing makers, the source said.
The company declined to comment.
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