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Article: TOMMY TAKES PARIS; DESIGNER BRAND FTES NEW STORE, REVEALS PLANS FOR REGAINING GROUND IN U.S.(Tommy Hilfiger )
- Article from:
- Daily News Record
- Article date:
- October 23, 2006
- Author:
CopyrightCOPYRIGHT 2006 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MILES SOCHA
PARIS - At a massive party headlined by Lenny Kravitz performing for a busload of celebrities, Tommy Hilfiger this week fted his new flagship here in fine, flashbulb-popping style.
The $1.7 billion company soldiers on with a global upgrade and expansion, but aims to do so in modest, measured fashion, now that it's out of Wall Street's glare following its acquisition last May by Apax Partners fund.
"The one thing we want to avoid at all costs is overexposure," said Fred Gehring, CEO of Tommy Hilfiger Corp. "We're not going to be volume-driven."
Instead, Gehring and Hilfiger mapped out their plan to reclaim the ...