Philips-Van Heusen Buys Tommy Hilfiger for billion | Dear Bloggery

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Philips-Van Heusen Buys Tommy Hilfiger for $3 billion

Posted in Beauty and Fashion, Business and Finance, People | March 16th, 2010

Philips-Van Heusen, the clothing firm that owns Calvin Klein and DKNY, announced yesterday (March 15) that it would buy Tommy Hilfiger, a leading preppy American clothing for $3 billion, in cash and stock.

It has also been reported that Mr. Hilfiger will no longer holds the management role at the company that bears his name. But, the 58-designer will stay with the company as its ‘principal designer and visionary’.

Photo Credit: Delio

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Tags: Calvin Klein, DKNY, Philips-Van Heusen, Tommy Hilfiger

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