TOMMY HILFIGER occupies a unique position as a premium designer brand under which quality apparel, accessories and lifestyle products are offered at accessible price points. Tommy Hilfiger markets its products under several brands in order to fully capitalize on its global appeal, as each brand varies in terms of price point, demographic target and distribution. Brands include HILFIGER COLLECTION, TOMMY HILFIGER TAILORED, TOMMY HILFIGER, TOMMY JEANS and TOMMY SPORT, under which a variety of products are offered.
In addition, the brand is licensed for a range of products, including fragrance, eyewear, watches, home furnishings and womenswear in North America, as well as in various geographic regions. Global retail sales of products sold under the TOMMY HILFIGER brands were approximately $9.2 billion in 2019.
We see a significant opportunity to fuel expansion by capitalizing on the regional and category opportunities where the brand is underpenetrated, while also assuming more direct control of several regional licensed businesses.