×
102 832
Fashion Jobs
L'OREAL GROUP
Salon Business Partner (Saloncentric) - Temecula, ca
Permanent · Temecula
L'OREAL GROUP
Manager, CRM & Digital Platforms
Permanent · New York
SALLY BEAUTY CORPORATE
Field Sales Manager - Cosmoprof
Permanent · Minneapolis
SALLY BEAUTY CORPORATE
Field Sales Manager - Cosmoprof
Permanent · Kansas City
TAPESTRY
Associate Manager, Site Merchandising Lifestyle
Permanent · New York
TAPESTRY
Manager, Materials Development & Sourcing
Permanent · New York
JOCKEY
Area Manager - Pacific Northwest
Permanent · Woodburn
MICHAEL KORS RETAIL INC
Part Time Sales Supervisor, Crabtree Valley Mall, Raleigh, nc
Permanent · Raleigh
MICHAEL KORS RETAIL INC
Full-Time Sales Supervisor Streets at Southpoint Mall; Durham, nc
Permanent · Durham
BANANA REPUBLIC
General Manager- Outlets of Maui
Permanent · Lahaina
BANANA REPUBLIC
General Manager- Colorado Mills
Permanent · Lakewood
NORDSTROM INC
2nd Shift Wrap Area Manager Warehouse - West Coast Omni Center, Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Security Ambassador - Riverwalk Outlets Rack
Permanent · New Orleans
NORDSTROM
Asset Protection - Security Ambassador - Mission Valley Rack
Permanent · San Diego
NORDSTROM INC
Business Analyst -Inventory Integrity And Quality-Wcoc-Riverside, ca
Permanent · Riverside
OLD NAVY
Assistant General Manager, Merchandise - Regency Square
Permanent · Brandon
OLD NAVY
Asset Protection Agent - Warwick Mall
Permanent · Warwick
ADIDAS
Senior Manager Global Procurement
Permanent · Portland
ADIDAS
Senior Product Owner - Digital Observability
Permanent · Portland
ADIDAS
Manager Ctc Global Merchandising
Permanent · Carlsbad
ABERCROMBIE AND FITCH CO.
Financial Analyst, Inventory Control
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Enterprise Business Solutions Analyst
Permanent · Columbus
By
Reuters
Published
Mar 15, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Phillips-Van Heusen to buy Hilfiger for $3 billion

By
Reuters
Published
Mar 15, 2010

NEW YORK (Reuters) - Apparel company Phillips-Van Heusen Corp (PVH.N) said it will buy fashion brand Tommy Hilfiger in a cash and stock deal for about $3 billion in a bid to boost its presence in markets like Europe and Asia.

Tommy Hilfiger is currently owned by private equity firm Apax Partners APAX.UL.

phillips van heusen


Phillips-Van Heusen, also owner of the Calvin Klein label, expects the deal to boost earnings by 20 cents to 25 cents a share, excluding items, in the current fiscal year. It also sees a profit boost of 75 cents a share to $1.00 a share in the next fiscal year ending January 29, 2012.

"Tommy Hilfiger fits all of our acquisition criteria: a strong brand, superior management, highly profitable, immediately accretive to earnings, and focused on international growth," Phillips-Van Heusen CEO Emanuel Chirico said.

Phillips-Van Heusen sees annual cost savings of $40 million from the deal and expects to close it in the second quarter.

After the deal, Tommy Hilfiger will remain in his role as principal designer and visionary for the namesake brand and Fred Gehring will continue as CEO of Tommy Hilfiger. Gehring will also take on the role as CEO of PVH's international operations, and join the PVH board.

(Reporting by Dhanya Skariachan; Editing by Derek Caney, Dave Zimmerman)

© Thomson Reuters 2021 All rights reserved.