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February 10, 2006
Hilfiger's Profit Sinks On Slow U.S. Orders
Tommy Hilfiger’s third-quarter profit dropped over 23% to $15.5 million due to a decline in orders from U.S. department stores.
The company said that it was affected by its exit last year from the young men’s denim business, and sluggish sales of its womenswear.
Hilfiger said that its $1.6 billion sales to Apax Partners is still going ahead, however, and is due to close in the spring.
Posted by Blacks on February 10, 2006 08:22 AM
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