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September 26, 2005
Report: Wal-Mart Weighs Hilfiger Buy
Retail giant Wal-Mart is reportedly considering a buy of Tommy Hilfiger, according to Women’s Wear Daily. The industry bible posted an article on the possible deal on its Web site Monday, driving shares of Tommy Hilfiger up over 4 percent.
WWD cited industry and financial sources but neither of the protagonists has confirmed the bid.
If Wal-Mart takes on the brand it will be interesting to see how the Hilfiger line evolves and if it will go even more mainstream. The Americana designer recently added an option to its Web site allowing shoppers to design their own jeans and chinos.
Posted by Blacks on September 26, 2005 10:32 AM
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