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June 09, 2006
Hilfiger Ends Lagerfeld's Contemporary Line
Tommy Hilfiger Corp. has decided to discontinue Karl Lagerfeld’s contemporary sportswear line, following slumping sales.
The signature line was launched in Neiman Marcus and Bergdorf Goodman with considerable fanfare, and its short life span comes as a bit of a surprise given Lagerfeld’s usual success.
Hilfiger bought the rights to the Lagerfeld name in January 2005, but earlier this year Hilfiger was purchased by private equity group Apax Partners. Apax has been reorganizing Hilfiger’s business, and has decided to drop Lagerfeld’s New York-based contemporary line after the fall season and consolidate the Lagerfeld business in Paris.
Posted by Blacks on June 9, 2006 10:13 AM
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