Wal-Mart wants Hilfiger
Reports reveal Wal-Mart is expressing an interest in acquiring clothing designer Tommy Hilfiger. Women`s Wear Daily reports on its Web site that Wal-Mart has initiated the idea of a buyout, and will start conducting due diligence as early as this week.
Women`s Wear Daily reports the asking price for Tommy Hilfiger is at least $1.82 billion, but could go as high as $2.16 billion.
The industry publication claims a deal could be signed before Thanksgiving. Neither Hilfiger representatives nor Wal-Mart is formally commenting on the speculations.
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