Thursday, December 30, 2010

Tommy Hilfiger Jeans

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Thomas Jacob "Tommy" Hilfiger (born March 24, 1951) is an American fashion designer and founder of the brand Tommy Hilfiger.
After turning to the design of clothing by designing for the rest of his stores in upstate New York, Hilfiger moved to New York City with his now estranged wife, Susie. Although he was offered design assistant positions with designers Calvin Klein and Perry Ellis, and was broke, he turned them both down with greater plans in mind.
In 1984, he founded the Tommy Hilfiger Corporation, (NYSE:TOM), with support from The Murjani Group, which went public in 1992, introducing his signature menswear collection. By 2004 the company had 5,400 employees and revenues in excess of $1.8 billion. Hilfiger was named Menswear Designer of the Year by the Council of Fashion Designers of America in 1997.
In 1998, Hilfiger gave singer Aaliyah her endorsement deal, in which he honored her in his Summer 1998 fashion show in Jamaica.
In 2005, a CBS TV reality show called The Cut tracked the progress of sixteen contestants as they competed for a design job with Hilfiger in similar fashion to Donald Trump's The Apprentice. In the end Hilfiger chose Chris Cortez.
Largely due to declining sales, in 2006, Tommy Hilfiger sold his company for $4 billion, or $16.80 a share, to Apax Partners, a private investment company. In March 2010, Phillips-Van Heusen, owner of Calvin Klein, bought the Tommy Hilfiger Corporation for $10 billion.

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