Tommy ends European leathergoods license
The Tommy Hilfiger Group has decided to bring its European handbag and small leathergoods business in house from spring 2011.
The US brand’s leathergoods range was introduced to the European market in 2004 under a licensing arrangement currently operated by Tichebox Srl. Wholesale sales exceeded EUR 16.5 million in 2009.
"The integration of this business within the Tommy Hilfiger Group is intended to optimise both product development, as well as sales," said chief executive officer, Fred Gehring. "We see tremendous growth potential for these categories and this step will provide us with greater control and improved brand alignment."
The division will be managed by Christopher Koerber, SVP of footwear and accessories, who will report to Daniel Grieder, CEO of Tommy Hilfiger Europe B.V. The company is also entering into a new licensing agreement with Tichebox for the design, production, sales and marketing of luggage under the Tommy Hilfiger brand.
