One of the world’s largest clothing companies is in the making.  Tommy Hilfiger is to be bought by Calvin Klein.  Those were like THE BIGGEST brands when I was in middle school circa 1996.

The Hilfiger label will be purchased by Philips-Van Heusen for $3 billion, creating a company with $4.6bn revenue.

Tommy Hilfiger – the man behind the label – said: “I look forward to remaining actively involved in the business. This is the next phase in the global evolution and expansion of the Tommy Hilfiger brand.”
Tommy Hilfiger began in 1985 with a men’s clothing line, and has since expanded the brand to include shoes, perfumes and women’s and children’s clothing.

The brand’s performance dipped at the beginning of last decade, but had turned around under Apax, which has expanded the brand from 574 stores to over 1,000 outlets.

Makes sense that they took a dip. Maybe the clothing will get even more general and less fashionable now that it will be so huge. I like smaller chains and companies. When something gets too commercial, I personally think it sucks.

[via Contact Music]

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