Providence Equity Gets an IPO Win
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Wall Street Journal - Found 16 hours ago This week, private-equity firm Apax Partners agreed to sell Tommy Hilfiger to Phillips-Van Heusen Corp. |
K&G Fashion Superstore Celebrates Grand Reopening in Tulsa
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Houston Chronicle - Found 20 hours ago New additions to the men's section include well-known brands, like Calvin Klein, Joseph Abboud, Nautica, Perry Ellis, and Tommy Hilfiger. K&G Fashion Superstore Celebrates Grand Reopening in Tulsa - Houston Business Journal K&G Fashion Superstore Celebrates Grand Reopening in Tulsa - Biz Journals K&G Fashion Superstore Celebrates Grand Reopening in Tulsa - Memphis Business Journal K&G Fashion Superstore Celebrates Grand Reopening in Tulsa - Los Angeles Business Explore All |
Milla Jovovich Dipped Her Legs in Plaid
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Show & Talk - New York Fashion Week Blog - New York Magazine - Found Mar. 18, 2010 Milla Jovovich stopped by the El Corte Inglés in Madrid today to help launch a limited-edition Tommy Hilfiger bag wearing plaid pants and a |
Phillips-Van Heusen Makes the Fashion Deal of the Century (So Far): ...
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BNet - Found Mar. 17, 2010 Phillips-Van Heusen buys Tommy Hilfiger for $3 billion and both companies win. Hilfiger buyer expects revenue jolt - Detroit News PVH to tap debt market to fund Hilfiger deal -NY Post - Reuters PVH to tap debt market to fund Hilfiger deal -NY Post - Reuters UK Apax to Sell Hilfiger to Phillips-Van Heusen - HispanicBusiness.com Explore All |
HispanicBusiness.com |
Lagerfeld to Help Tod's With Its Hogan Brand
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New York Times - Found Mar. 18, 2010 The Lagerfeld brand, which was bought by Tommy Hilfiger five years ago, was not part of the $3 billion acquisition announced this week of the... Fashion Diary: Don?t Blame the Iceberg for the Lack of Warmth - New York Times Lagerfeld to Help Tod?s With Its Hogan Brand - New York Times Karl Lagerfeld's Hogan Collection - MaleFirst Mens Magazine Coco's jacket grabs the world by its lapels - Jewish Chronicle Explore All |
Jewish Chronicle |
China province seizes imported designer clothes
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Reuters UK - Found Mar. 17, 2010 ... up in the tests of everything from t-shirts to skirts and jeans including those made by Dolce & Gabbana, Tommy Hilfiger, Zara, H&M, Hermes and... China impounds luxury clothing - Miami Herald China province seizes some imported clothes - Reuters India China seizes 'dangerous' luxury clothes - stuff.co.nz Versace, Zara clothes impounded - Straits Times Explore All |
Reuters India |
Tod's Signs Karl Lagerfeld to Give Kick to Hogan Brand
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International Herald Tribune - Found Mar. 17, 2010 The Lagerfeld brand, which was purchased by Tommy Hilfiger five years ago, was not included in the $3 billion acquisition this week of the... |
Apax sells Tommy Hilfiger for 2.47 billion
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Times Online - Found Mar. 16, 2010 In the Nineties everyone from Snoop Dogg to President Clinton wore Tommy Hilfiger. Phillips-Van Heusen to buy Hilfiger for $3 billion - Reuters The deal certainly makes sense and that can be seen from PVH's share ... - Reuters UK PVH pays $3bn for Tommy Hilfiger - The Independent Calvin Klein owner buys Hilfiger for $3B - Miami Herald Explore All |
Epoch Times |
MARKET SNAPSHOT: U.S. Stocks Fall As Oil, Energy Stocks Decline
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FOXNews.com - Found Mar. 15, 2010 Phillips-Van Heusen (PVH) jumped 9.2% after it agreed to acquire privately-held clothing company Tommy Hilfiger for $3.03 billion, largely in... MARKET SNAPSHOT: U.S. Stocks Fall As Oil, Energy Stocks Decline - FOXNews.com MARKET SNAPSHOT: U.S. Stocks Fall As Oil, Energy Stocks Decline - Morningstar.com MARKET SNAPSHOT: U.S. Stocks Fall As Oil, Energy Stocks Decline - FOXBusiness.com Explore All |
Phillips-Van Heusen to buy Tommy Hilfiger for $3B
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USA Today - Found Mar. 15, 2010 Tommy Hilfiger will remain principal designer, setting the vision for the Tommy Hilfiger brand. The Hilfiger brand, which became famous for its... Van Heusen to buy Hilfiger for about $3 billion - MSNBC Phillips-Van Heusen to Buy Hilfiger for $3 Billion - ABC News Tommy Hilfiger sold to Phillips-Van Heusen - CNN Phillips to Buy Tommy Hilfiger - Wall Street Journal Explore All |
Reuters |
Tommy Hilfiger Biography
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Tommy Hilfiger
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| Born | March 24, 1951 Elmira, New York, U.S.A. |
|---|---|
| Nationality | American |
| Education | Elmira Free Academy |
| Labels | Tommy Hilfiger |
Thomas Jacob "Tommy" Hilfiger (born March 24, 1951) is an American fashion designer and founder of the brand Tommy Hilfiger.
Contents |
Biography
Early life
Hilfiger was born and raised in Elmira, New York. The second of eight children, he grew up in a Irish-American family; he claims direct descent from Robert Burns.1 His parents originally intended for him to be an engineer. He attended Elmira Free Academy for high school. Rather than furthering his education, he started to work in retail at the age of 18. Hilfiger would go to New York City to buy jeans and bell-bottom pants, which he customized and resold at a local downtown Elmira store, Brown's.
He later opened his own store, named The People's Place, around the block in downtown Elmira. Although the store was a hot spot for teens with frequent contests and live DJ appearances, there were often more people hanging out than shopping. Over the years, a number of stores closed in downtown Elmira as shopping traffic shifted to the new Arnot Mall in Horseheads, New York. It wasn't long before The People's Place became another casualty. After seven years, The People's Place went bankrupt, when Hilfiger was 25. The site of the original store has since been demolished to make room for First Arena, home of the Elmira Jackals Hockey team.
Career
After turning to the design of clothing by designing for the rest of his stores in upstate New York, Hilfiger moved to New York City with his now estranged wife, Susie. Although he was offered design assistant positions with designers Calvin Klein and Perry Ellis, and was broke, he turned them both down with greater plans in mind.
In 1984, he founded the Tommy Hilfiger Corporation, (NYSE:TOM), with support from The Murjani Group, which went public in 1992, introducing his signature menswear collection. By 2004 the company had 5,400 employees and revenues in excess of $1.8 billion. Hilfiger was named Menswear Designer of the Year by the Council of Fashion Designers of America in 1997.
In 1998, Hilfiger gave singer Aaliyah her endorsement deal, in which he honored her in his Summer 1998 fashion show in Jamaica.
Tommy Hilfiger clothes peaked in popularity during the late 1990s.
In 2005, a CBS TV reality show called The Cut tracked the progress of sixteen contestants as they competed for a design job with Hilfiger in similar fashion to Donald Trump's The Apprentice. In the end Hilfiger chose Chris Cortez.
In May 2006, Hilfiger had a close encounter with Guns N' Roses singer Axl Rose at the Plumm in New York City. Hilfiger admittedly punched Axl Rose in self-defense, after Rose pushed him out of the way.2
Largely due to declining sales, in 2006, Tommy Hilfiger sold his company for $1.6 billion, or $16.80 a share, to Apax Partners, a private investment company.345
In March 2010, Phillips-Van Heusen, owner of Calvin Klein, bought the Tommy Hilfiger Corporation for $3 billion.6
Personal life
Hilfiger has four children with his ex-wife Susie: Alexandria, Richard, Elizabeth and Kathleen. His daughter Ally was featured in the MTV reality show Rich Girls and his son, Rich, was signed to hip hop super producer Swizz Beatz' label Full Surface.
Hilfiger put his Greenwich, Connecticut, mansion on the market in the summer of 2008 for an asking price of $27 million.
He married his second wife, Dee Ocleppo, former wife of Gianni Ocleppo, famous Italian Tennis player of the 1980s, on December 12, 2008. On February 25, 2009, the New York Post reported that Ocleppo is three months pregnant, and Hilfiger will welcome a fifth child later in 2009.7 On May 4, 2009, Hilfiger and Ocleppo announced the baby they are expecting will be a boy. 8 Tommy Hilfiger and wife Dee Ocleppo welcomed a baby boy on Tuesday, August 4, 2009, Sebastian Thomas Hilfiger, weighing in at 9 lbs., 8 oz.
Criticisms
Hilfiger has been criticized for manufacturing clothes in sweatshop conditions in the United States territory of Saipan in the Northern Mariana Islands. As a U.S. Commonwealth, clothes made there can be labeled "Made in the USA", but federal labor laws including the minimum wage do not apply. In March 2000, the company, along with other defendants, settled a class action suit brought by Saipan garment workers, which had alleged mistreatment by over 20 large U.S. clothing manufacturers.9
Product lines
- Hilfiger Denim, a premium-upscale denim collection for men and women. Designs are inspired by American classics and finished with a modern edge.
- True Star Gold, fragrance created by Hilfiger and spokeswoman Beyoncé Knowles
- True Star, another fragrance created by Hilfiger and with spokesperson Beyoncé Knowles & True Star Men, a fragrance created by Hilfiger and with spokesperson Enrique Iglesias
- Tommy Girl, fragrance for women
- Red Label, a line of denim-themed products including jeans, t-shirts, and sweatshirts
- H by Tommy Hilfiger, an upscale line which was ended after Tommy Hilfger sold his company, the same sort of style is now carried on under the Tommy Hilfiger label in their specialty stores
- Tommy Hilfiger, the company line of clothes sold in department stores, company stores, and specialty stores
- Tommy Sport, a defunct line that came out in the 1990s and capitalized on Hilfiger's popularity in urban areas.
- Tommy Hilfiger for the Home, a line of bedding and bath products
- Tommy Sailing, was due to be released in January or February 2007.
References
- ^ http://www.scotland.org/about/innovation-and-creativity/features/culture/tartan.html
- ^ (5 March 2010)"Tommy Hilfiger Talks Social Media, Fighting Axl Rose, and Succeeding in this Economy at French Institute Forum". Poison Ivy. 5 March 2010. http://poisonivyjones.blogspot.com/2010/03/tommy-hilfiger-talks-social-media_05.html. Retrieved 2010-5-11.
- ^ Apax Partners' funds complete acquisition of Tommy Hilfiger Corporation. Shareholders to receive $16.80 per share
- ^ Tommy Hilfiger Corporation announces European Commission approval for proposed acquisition by funds advised by Apax Partners
- ^ Tommy Hilfiger Corp. sold to private investors
- ^ Calvin Klein owner buys Tommy Hilfiger
- ^ Tommy Hilfiger and Wife Expecting a Baby celebrity baby blog, February 25, 2009
- ^ Tommy Hilfiger and Wife Expecting a boy! celebrity baby blog, May 6, 2009
- ^ (28 March 2000)"Eight more U.S. retailers settle sweatshop suit". Reuters. 28 March 2000. http://www.globalexchange.org/campaigns/sweatshops/saipan/reuters032800.html. Retrieved 2007-10-11.
External links
- Official website
- Urban Legends that allege false claims against Hilfiger
- Anti-Defamation League; Letter to Tommy Hilfiger
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