Rumours surrounding a sale or flotation of the Tommy Hillfiger Corporation are rife. The company, which is owned by London-based private equity firm Apax Partners, is apparently in talks with interested parties to acquire the brand whilst also exploring the option of a public offering, reported WWD.
At the moment, the lead candidate to buy Hilfiger is said to be Phillips-Van Heusen Corp, the parent company of Calvin Klein.
Tommy Hilfiger Chief Executive Officer Fred Gehring told Reuters in September that an IPO remained the most likely exit strategy for Apax, but that it could be two years away.
Plans to float the company on the Amsterdam exchange were shelved in 2008 due to volatile market conditions.
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