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Tommy Hilfiger acquired by Phillips-Van Heusen

New York – Phillips-Van Heusen Corporation, owner of the Calvin Klein brand, will acquired Tommy Hilfiger from Apax Partners funds for approximately $3.0 billion and the assumption of $136.7 million in liabilities. The deal will push PVH’s global business to about $4.6 billion, the company said.

Tommy Hilfiger's revenue for the fiscal year ending March 31is expected to be around $2.25 billion, with earnings before interest and taxes of approximately $280 million, according to a PVH release. Only about 2% is derived from licensing income, a revenue stream that includes contributions from the Tommy Hilfiger Home Collection, the textiles portion of which is produced by DWI Holdings.

In addition to Calvin Klein and Tommy Hilgifer, other PVH brands that have licensing extensions into home textiles include Izod, Michael Kors, Joseph Abboud and DKNY.

 

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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