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Tommy Hilfiger B.V. (/ h ɪ l ˈ f ɪ ɡ ər /; hil-FIG-ər), formerly known as Tommy Hilfiger Corporation and Tommy Hilfiger Inc., is an American clothing brand that manufactures apparel and licensed products such as footwear, accessories, fragrances and home furnishings. [3]
Thomas Jacob Hilfiger (/ h ɪ l ˈ f ɪ ɡ ər / hil-FIG-ər; born March 24, 1951) [1] is an American fashion designer and the founder of Tommy Hilfiger Corporation. [2]After starting his career by co-founding a chain of jeans/fashion stores called People's Place in upstate New York in the 1970s, he began designing preppy clothing for his own eponymous menswear line in the 1980s.
The brand's first external investor, Japan's Stripe International (formerly Cross), [14] gave the company the capital it needed to recover from the 2007–2008 financial crisis, before selling its stake on to Sandbridge Capital – a private equity firm whose advisors included Tommy Hilfiger, Domenico De Sole and Dominique de Villepin – [15 ...
In the past, such appropriation was usually restricted to membership of specific youth cultures—leather jackets, bondage trousers—but nowadays it is the norm among young people to flag up their music and cultural preferences in this way, hence the adoption of the hoodie by boys across the boundaries of age, ethnicity and class." [20]
The sweater he wore during MTV's Nirvana Unplugged concert sold at auction for $137,500 (equivalent to $182,400 in 2024) [13] in November 2015. It was reported to have a burn hole, a button missing, and discoloration around the pockets. [14] [15] In 2019 it was re auctioned for $334,000 (equivalent to $410,773 in 2024). [13] [16]
In 1978, while Jacobs' sons were in the ski race circuit, he noted that there was only one brand of race sweaters available. He believed he could make a better product and sell it to the close-knit race community. This business, named David L Jacobs, Incorporated, began as a small mail order business in his Boulder, Colorado kitchen.