Tommy Hilfiger Has Space For China'S Business To Be Bought, Making It Difficult To Predict.

Perhaps it is a side report that a light market is facing great growth potential. Recently, one of the luxury brands Tommy Hilfiger's Chinese business has been acquired by PVH group.

It is reported that PVH group will own its joint venture in China.

45% of the shares, and after the completion of the acquisition, will be fully used in the joint venture company's total shares, according to the disclosure, the paction amount of $172 million.

This means that the 6 year acquisition project is finally over.

In 2012, TH Asia Ltd

Tommy Hilfiger has doubled in operation for a year, reaching an estimated $140 million in 2015.

Therefore, this brand's strong profitability in China is valued by PVH group.

At the same time, PVH is also the parent company of CK. Therefore, the group hopes to achieve synergy through the combination of the two.

However, even if the performance of the Chinese market has brought strong growth performance to Tommy Hilfiger, China's growth is likely to have a negative impact on the current Chinese economy. This is a matter for attention.

Even according to the financial report, Tommy Hilfiger

Sportswear business accounts for 75% of China's business. Therefore, for the current Tommy Hilfiger's strong profitability, women's clothing, accessories and footwear business will have a more pronounced growth.