Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

clock menu more-arrow no yes mobile

Filed under:

Fashion Family: Calvin Klein Owner PVH Buys Tommy Hilfiger for $3b

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Is PVH on the path to becoming the American version of LVMH? It was announced yesterday that Phillips Van Heusen added the Tommy Hilfiger empire to its stable of fashion brands—which currently includes Calvin Klein, Izod, Bass, and the licenses for brands including BCBGMaxAzria, Chaps, Sean John, Kenneth Cole New York, and Michael Michael Kors. On the outset, it looks to be a win-win situation, as the Hilfiger brand brings in more than $4.3 billion in revenue annually.

Tommy was already on a roll before this major payday came along. After surviving rocky times in the 90s –no doubt due to a mass cheapening of a brand thanks to visible underwear bands – they’ve been back in the business of making knock-out preppy red, white and blue Americana designs. As a result, Hilfiger expanded their number of stores since 2006, struck a deal with US mega-retailer Macy’s, and hired more than 1,000 new people.
· Mega Fashion News Flash: PVH acquires Tommy Hilfiger [Telegraph]