Global premium lifestyle brand Tommy Hilfiger, controlled by buyout private equity Apax Partners, is looking at direct ownership of its India operations by bringing in the maximum permissible 51% foreign direct investment (FDI) allowed in single brand retail.
According to sources the Amsterdam-based Tommy Hilfiger Europe BV, which has effectively become the global headquarters for the original American designer brand following the Apax takeover, was considering buyout of the perpetual India rights, currently with the Murjani Group.
Read more in
The Economic Times article.
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