While speculation of a buyout has run rampant for months, it looks like Tommy Hilfiger Corp may be getting itself ready to be purchased. Possible suitors include: Liz Claiborne and VF corp.
The price for the company and the effort needed to spur a turnaround may be the dealbreaker. Women’s Wear Daily is reporting that the asking price for Hilfiger is $1.8 billion…with a b.
On the J. Crew front, CEO Millard “Mickey” Drexler (former CEO of The Gap) is looking to add fuel to the runaway growth he has brought to Jcrew by issuing an IPO.
According to the Chicago Tribune J. Crew has filed for a listing on the New York Stock Exchange under the proposed ticker symbol JCG.
The two companies, while on divergent paths may be ushering in a new era in the coming months.