Food
PVH Corp-owned fashion chain, Tommy Hilfiger, has opened its 10th full price store in Australia at Westfield Parramatta yesterday.
Set over 145 square meters, the store design reflects the brand’s global retail concept, which is based on the brand’s heritage and takes cues from a ‘nautical lifestyle’ – one of Tommy Hilfiger’s longstanding sources of inspiration.
The store has launched with the brand’s Spring fashion collections across men’s, women’s sportswear and accessories.
There are over 1,800 Tommy Hilfiger stores in over 100 countries worldwide including global flagships in five locations: Fifth Avenue, New York; Brompton Road, London; Omotesando, Tokyo; Regent Street, London; and Schadowstraße, Düsseldorf.
In its second quarter results for FY17, the Tommy Hilfiger brand saw its revenue increase 4 per cent (year on year) to hit $892 million, while PVH was up 7 per cent to $2.1 billion.
Recently, Gazal Corporation– which jointly owns and manages PVH Brands Australia, a joint venture company in partnership with PVH Corp – confirmed it has acquired a 7.35 per cent shareholding in struggling luxury handbag retailer, Oroton, at $1.00 per share.
