Tommy Hilfiger to pursue expansion in Europe despite economic crisis
Tommy Hilfiger makes over 40% of its total turnover in Europe, hence the importance given to the market by PVH, the parent company of the American premium brand. Tommy Hilfiger currently has 500 mono-brand stores in Europe, along with 6.000 wholesale clients. In 2013, Tommy Hilfiger plans new stores in Moscow, Rome and Stuttgart and will also enlarge some of its flagship stores such as the one in Dusseldorf. Daniel Grieder, President Tommy Hilfiger Europe has recently confirmed the European retail expansion plans at 60 to 80 points of sale per year, with an average of 300 to 400 sqm.