Home / Knowledge / News / Apparel/Garments / Tommy Hilfiger to bring European tailored license in-house
Tommy Hilfiger to bring European tailored license in-house
25
Oct '11
The Tommy Hilfiger Group, which is wholly owned by PVH Corp. announced that it has entered into an agreement to bring its European tailored apparel business in-house, effective as of the Spring 2013 season.

Tommy Hilfiger tailored apparel was introduced to the European market in October 1998 under a licensing arrangement operated by the Holy Fashion Group. Through the partnership, Tommy Hilfiger began offering high quality tailored clothing, dress shirts and ties, a business which grew to become very successful and represents well over $100M in retail value. The transaction is expected to close by December 31, 2012. Holy Fashion Group will continue to operate the business until the closing. No financial details of the transaction have been disclosed.

"This acquisition represents an exciting opportunity for us to build further on the solid base that the Holy Fashion Group has developed over the years. By directly integrating the business into the overall Tommy Hilfiger European organization and commercial infrastructure, we feel we can develop further areas of potential throughout the region.

In addition we can also take advantage of PVH's status as the world's largest dress shirt company," said Daniel Grieder, Chief Executive Officer of Tommy Hilfiger Europe. "We would like to thank the Holy Fashion Group for their commitment and dedication in building a strong and very significant business. Tailored clothing is a specialized product category and, as such, we are excited that we have been able to bring on board a highly experienced management team to lead this new division."

"We have experienced a spectacular development during the last 13 years, not in the least due to the fact that the Tommy Hilfiger brand has proven to have true global appeal," said Reiner Pichler, Chief Executive Officer of the Holy Fashion Group.

"The Holy Fashion Group will continue to focus on the development of our own brands, as well as the Tommy Hilfiger business through closing. I am confident that both the Tommy Hilfiger business and the brands in the Holy Fashion Group portfolio will have many more years of further growth."

The new in-house Tailored division will be headed by Michael Berngruber, who joins the Tommy Hilfiger Group in the capacity of Vice President Tailored Clothing Europe. Michael brings over 25 years of experience in the fashion industry and, for the past 10 years, has held various managerial positions at Hugo Boss.


Must ReadView All

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X