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Tommy Hilfiger to look at IPO at end 2009

LONDON
Wed Apr 16, 2008 10:04am EDT

LONDON (Reuters) - Fashion company Tommy Hilfiger, owned by private equity firm Apax Partners APAX.UL, will look again at a flotation at the end of 2009, its Chief Executive Fred Gehring said on Wednesday.

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The brand, spanning women's, men's and children's wear to watches and accessories, in January shelved plans for a listing on the Amsterdam stock exchange blaming volatile market conditions.

At that time, media reports quoting company sources valued the company at 2 billion euros ($3.2 billion) to 3 billion.

Gehring, speaking to Reuters at the launch party for a new Tommy Hilfiger branded fashion and music website, said given market volatility plans to list were still "on a very high shelf".

The company would look again "at the end of 2009", he said.

(Reporting by Rachel Sanderson; Editing by David Holmes)
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