The Tommy Hilfiger Group set is to bring its European tailoring business in-house from spring 13.
The luxury label’s tailored products were brought to the European market in 1998 through a license by the Holy Fashion Group. However the relationship between the two is set to finish on December 31 2012.
Thie group has opted the bring other divisions in-house over the last 18 months and last June announced it had ended its European licence for handbags and small leather goods and would take the business in-house for spring 11. Last year saw much change for the group with Fashion group Phillips-Van Heusen (PVH), which owns Calvin Klein, buying Tommy Hilfiger from UK private equity group Apax Partners for €2.2bn (£2bn).
Daniel Grieder, chief executive officer of Tommy Hilfiger Europe, said: “This acquisition represents an exciting opportunity for us to build further on the solid base that the Holy Fashion Group has developed over the years. By directly integrating the business into the overall Tommy Hilfiger European organization and commercial infrastructure, we feel we can develop further areas of potential throughout the region. In addition we can also take advantage of PVH’s status as the world’s largest dress shirt company.”
The in-house division will be headed up by vice president of tailored clothing for Europe Michael Berngruber, who previously held managerial roles at Hugo Boss. Marcel Ostwald is also to join the Tommy Hilfiger Group, as creative director of the tailored division. He was previously senior head of creative management for Boss Selection.