Tommy Hilfiger Corporation
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| Subsidiary | |
| Industry | Fashion industry, textiles |
| Founded | 1985 |
| Founder | Tommy Hilfiger |
| Headquarters | New York City, New York, US, USA, ), UA |
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Areas served
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Global |
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Key people
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Daniel Grieder (CEO) |
| Products | Fabrics, designer wear, denim, cosmetics & toiletries, home furnishings |
| Revenue |
 US$6.7 billion |
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Number of employees
|
10,001+ (2015) |
| Parent | Murjani International (1985-1989) PVH (2010-present) |
| Website | Tommy.com |
Tommy Hilfiger, formerly known as Tommy Hilfiger Corporation and Tommy Hilfiger Inc., is an American multinational corporation that designs and manufactures upper market apparel for men, women and children, and a wide range of licensed products such as footwear, accessories, fragrances and home furnishings. The company was founded in 1985, and today is sold in department stores and over 1400 free-standing retail stores in 90 countries. In 2006, private equity firm Apax Partners acquired Tommy Hilfiger for approximately 1.6 billion, and in May 2010, PVH Corp. (NYSE: PVH) (then known as Philips van Heusen) bought the company. Daniel Grieder was appointed CEO in July 2014, while founder Tommy Hilfiger remains the company’s principal designer, leading the design teams and overseeing the entire creative process. Global sales in retail through the brand in 2013 were US $6.4 billion, and $6.7 billion in 2014.
Tommy Hilfiger’s career in fashion began in 1968, when he co-founded a clothing and record store named People’s Place in upstate New York. Using $150 he'd saved from working at a petrol station as startup money, he oversaw the expansion of the company into a chain of ten stores. Despite meeting with initial success, People's Place filed for bankruptcy in 1977. In 1979 Hilfiger moved to New York City to pursue a career as a fashion designer, working on several different labels including Jordache Jeans. In the early 1980s he met Mohan Murjani, an “Indian textile magnate” hoping to launch a line of men’s clothing. With Murjani’s backing in 1985 Hilfiger debuted his first signature collection, which featured modernized versions of button-down shirts, chinos, and other classic preppy styles. The casual youthful attitude of these first designs would remain a trait of the Tommy Hilfiger Corporation's later collections. The new clothing line made its debut with a high-profile marketing campaign, which included a large billboard in Times Square by advertiser George Lois. The Tommy Hilfiger brand left Murjani International in 1989, with Silas Chou instead providing financial backing. That year Lawrence Stroll and Joel Horowitz, both former executives of Ralph Lauren, were hired as executives of the newly formed company Tommy Hilfiger, Inc., which had an initial focus on casual male sportswear.
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