Nothing to See Here...
The new Tommy Hilfiger store on 5th Ave. will close at 6pm tonight, in order to get ready for a private party being hosted by private equity firm Apax Partners. Maybe I'm just bored, but the news got my mind raicing. Could this party be related to a Women's Wear Daily about how Apax is looking to either sell Hilfiger or take it public? WWD wrote, in part: At the moment, the lead candidate to acquire Hilfiger is said to be $2.4 billion Phillips-Van Heusen Corp., which has been openly on the prowl for acquisitions and proved with its 2002 purchase of Calvin Klein that it can successfully incorporate a large global brand into its business... But buying Hilfiger could be a bit of a stretch for PVH, which has about $480 million in cash on hand. Sources said one option for PVH could be to structure a deal that resembled its acquisition of Calvin
