×
70 441
Fashion Jobs
LULULEMON
Assistant Manager, Operations |University Village Experiential
Permanent · Seattle
CLARKS
Wholesale Operations Manager
Permanent · Needham
MACY'S
Asset Protection Security Guard, Willowbrook Mall - Standard Part Time
Permanent · Houston
MACY'S
Asset Protection Security Guard, Green Acres - Standard Part Time
Permanent · Valley Stream
MACY'S
Asset Protection Security Guard, Green Acres - Full Time
Permanent · Valley Stream
ULTA BEAUTY, INC.
General Manager
Permanent · Sacramento
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Meridian
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Springfield
ULTA BEAUTY, INC.
Skin Care Consultant
Permanent · Tallahassee
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Syracuse
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Scottsdale
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Columbia
ULTA BEAUTY, INC.
Skin Care Consultant
Permanent · Foley
AESOP
Full-Time Retail Consultant | Valley Fair
Permanent · San Jose
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · BATON ROUGE
URBN
Free People CRM Analyst
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · WASHINGTON
URBN
Urban Outfitters Assistant Visual Merchandising Manager
Permanent · OAK BROOK
KOHLS
Full-Time Loss Prevention Officer
Permanent · Colma
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Pottstown
KOHLS
Factory Compliance Coordinator *Remote Eligible*
Permanent · Menomonee Falls
NORDSTROM
Asset Protection - Security Ambassador - Desert Ridge Marketplace Rack
Permanent · Phoenix
By
Reuters
Published
Sep 16, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tommy Hilfiger CEO restaging brand

By
Reuters
Published
Sep 16, 2009

By Martinne Geller

NEW YORK (Reuters) - Tommy Hilfiger has spent the last few years trying to undo the damage from its apparel brand going too mainstream, and is now presenting a "preppy" and "iconic American" brand, its chief executive said on Tuesday 15 September.



Less than 48 hours after opening a flagship Tommy Hilfiger store on Manhattan's Fifth Avenue, Chief Executive Fred Gehring told Reuters that establishing such a high-profile presence will have long-term benefits that outlast the immediate challenges of the weak economy.

"Even if there's a double-dip, eventually there will be a recovery to something that will be the new normal. But in any scenario, New York City will be a key spot," said Gehring, who hails from the Netherlands and became CEO in 2006 following the brand's acquisition by Apax Partners, a London-based private equity firm.

In its first days, Gehring said the new store -- which sells everything from $29 (17.57 pounds) T-shirts to suits costing more than $1,000 -- is seeing a good response in all categories, especially the pieces from its higher-end collections.

Still, the company is expanding faster abroad than in the United States, where it suffered years of sales declines after its logo-heavy designs and affordable prices made it a staple of urban streetwear but alienated many of its preppier customers.

After opening about 100 stores during the past year, the company has about 950 stores globally, Gehring said. He has adjusted the pace of expansion due to the economy, and now sees opening only 50 to 60 stores in the next year, with about a dozen of those in the United States, he said.

Last year Apax shelved plans to float the company on the Amsterdam stock exchange due to volatile market conditions. Nearly two years later, Gehring said an initial public offering remains the most likely exit scenario for the funds, which acquired Tommy Hilfiger for $1.6 billion.

"I think the most likely scenario will be an IPO but it may well be that it's going to be two years away or so," Gehring said. "When the market starts to stabilise and open up, I don't think we're going to be rushing out as one of the first ones."

He said selling to a strategic buyer was not out of the question, but unlikely, given Tommy Hilfiger's size. He also said he was not aware of any discussions between potential suitors and the brand's owners, whom he described as very comfortable with their investment and not pressuring to discuss their exit.

"It's very clearly not, at the moment, on the radar."

(Reporting by Martinne Geller; Editing by Phil Berlowitz and Richard Chang)

© Thomson Reuters 2022 All rights reserved.