Tommy Hilfiger halts flotation
The move could also prompt a rethink at other high-profile fashion brands, such as Prada and Salvatore Ferragamo in Milan.
Hilfiger, viewed as an all-American lifestyle brand and famous for its "preppy" look, was acquired by private equity group Apax Partners – which also co-owns the UK's New Look fashion chain – for $1.6bn in 2006. Now the company has abandoned plans for a £1.5bn stock market float in Amsterdam, blaming the turmoil in global markets.
Related news
More related news >
Related news
Burberry’s quarterly revenue fell 5.5 percent
The British Burberry Group, one of the world’s leading luxury…
Read more >K&H Bank wins the Euromoney Awards for Excellence 2025 “Best Digital Bank” award in Hungary
K&H Group has won this award from Euromoney for two…
Read more >Ryanair’s quarterly profit soars
Ryanair Holdings reported on Monday that its profit more than…
Read more >