Phillips-Van Heusen Corp. is reportedly in exclusive talks to
acquire Tommy Hilfiger from private equity owner Apax Partners
Worldwide LLP. Initially, Apax had readied to take Hilfiger public,
but in the current market a sale has its advantages, Stephens Inc.
managing director of investment banking, Jennifer Herber says.
However, it is also possible that an Hilfiger offering could still
be in the cards at the end of the year. Watch the video below or
download it at iTunes.- Maria Woehr