Tommy Hilfiger: a short bio

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Tommy Hilfiger: a short bio

Tommy Hilfiger, also known as the Tommy Hilfiger Company and Tommy Hilfiger Inc., is an American premium luxury retailer that markets clothes, boots, accessories, fragrances, and home furnishings. The business was founded in 1985, and is now sold in 100 countries in department stores and over 2000 small retail stores. Apax Partners, a private equity group, acquired Tommy Hilfiger in 2006 for around $1.6 billion, and the company was bought by PVH Corp. in May 2004. Daniel Grieder was named CEO in July 2014, while Founder Tommy Hilfiger remains chief boss of the brand, overseeing the design divisions and supervising the entire creative process. Worldwide retail sales for the company stood at USD 6.4 billion in 2013, and USD 6.7 billion in 2014. The retail career of Tommy Hilfiger began in 1968, when he co-founded People's Place, an upstate clothing and record store in New York. Using $150 he'd saved from serving as venture capital at a gas station, he oversaw the growth of the company into a chain of ten supermarkets. Since meeting with initial development in 1977, People's Position had applied for bankruptcy In 1979 Hilfiger moved to New York City to pursue a fashion designer career, working on numerous brands including Jordache Jeans. He encountered Mohan Murjani, an Indian garment magnate who in the early 1980s had been trying to start a men's clothing business. Hilfiger launched his first signature line in 1985, with Murjani's backing, featuring modernized versions of button-down shirts, chinos and other classic preppy designs. The relaxed youthful spirit of those first designs will remain a staple in Tommy Hilfiger Brand's subsequent collections. The modern retail brand made its debut in Times Square with a high-profile promotional campaign involving a major advertiser George Lois. In 1989 the business Tommy Hilfiger with Silas Chou left Murjani International to provide financial assistance instead. Tommy Hilfiger, Inc., a recently formed company with an initial focus on casual male sportswear, hired Lawrence Stroll and Joel Horowitz, both former Ralph Lauren executives, that year as executives. In March 2010, Phillips-Van Heusen purchased the Tommy Hilfiger Company for $3 billion, in a transaction that was about seven times what PVH paid for Calvin Klein in 2003. Fred Gehring, who created Hilfiger's European division in 1996, has assumed the position of Hilfiger's CEO. Foreign retail sales for the company totaled US$ 6.4 billion in 2013, and US$ 6.7 billion in 2014. Daniel Grieder was elevated to CEO of the Tommy Hilfiger Group in July 2014. Former CEO Gehring was the Executive Director of Tommy Hilfiger Group, and was appointed the Vice President of PVH. Tommy Hilfiger opened a digital distribution showroom at its headquarters in New York City in January 2015, which the WGSN publication believed would change the traditional purchasing process. Hilfiger described the showroom as an innovation in the order process providing cost-saving options across the entire supply chain, with plans for opening showrooms in other cities. Gehring stepped down as Chairman of the Tommy Hilfiger Group in August 2015, while maintaining his position at PVH. Tommy Hilfiger and other major American apparel firms, including Calvin Klein and Sears, were plaintiffs, claiming that luxurious clothing was being manufactured in Saipan under sweatshop conditions. Since an agreement reached in March 2000 which acknowledged no responsibility Tommy Hilfiger is the brand's largest owner, overseeing manufacturing divisions and managing Tommy Hilfiger businesses internationally selling their products under the labels of Hilfiger Denim Tommy Hilfiger, while also offering a wide variety of brands for adults, women and children such as Hilfiger Line, Tommy Hilfiger Fitted, sportswear, shoes, footwear and boots. The company is also authorised for a range of items, including fragrances, eyewear, watches, and home furnishings. A class action lawsuit in the late 1990's,

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