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November 13, 2012
08:46 EDTPVHTommy Hilfiger Group, Inbrands announce JV to operate Tommy Hilfiger in Brazil
Inbrands S.A and The Tommy Hilfiger Group, which is wholly owned by PVH Corp, announced that they have formed a joint venture, Tommy Hilfiger do Brasil S.A., which will hold the rights to operate, manage and distribute certain Tommy Hilfiger branded products in Brazil. The partnership, which also includes American Sportswear S.A. as a minority partner, will begin its wholesale and retail operations on January 4, 2013. ASSA is the current distributor for the Tommy Hilfiger brand in Brazil, and will continue to operate its Tommy Hilfiger businesses in all other countries in South America, Central America and the Caribbean. Terms of the joint venture were not disclosed.
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