The Tommy Hilfiger Group, which is wholly owned by PVH Corp., announced today 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 today 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.
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. Michael will report to Mr. Grieder. Marcel Ostwald will also join the Tommy Hilfiger Group, as the Tailored division’s Creative Director. Marcel has over nine years of experience in the tailored clothing business, most recently as the Senior Head of Creative Management for Boss Selection and Tailored lines.
With a premium lifestyle brand portfolio that includes Tommy Hilfiger and Hilfiger Denim, the Tommy Hilfiger Group is one of the world’s most recognized designer apparel groups. Its focus is designing and marketing high-quality menswear, womenswear, children’s apparel and denim collections. Through select licensees, the Group offers complementary lifestyle products such as accessories, fragrances and home furnishings. Merchandise under the Tommy Hilfiger brands is available to consumers worldwide through an extensive network of Tommy Hilfiger retail stores, leading specialty and department stores and other select retailers and retail channels.
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