NEW YORK — Tommy Hilfiger Corp. is moving into a new home.
Hilfiger said Tuesday it is consolidating its Manhattan operations, which include design, production, merchandising and marketing functions, into 200,000 square feet of leased space at the Starrett-Lehigh building at 601 West 26th Street.
In addition, the firm is closing a distribution center in Secaucus, N.J., around Sept. 30. Employees at the distribution center all have been given the opportunity to work at other facilities, said a company spokeswoman. Hilfiger has about 350 employees in New Jersey.
The firm’s building at 485 Fifth Avenue will be sold when Hilfiger personnel move into their new location, which is slated to happen March 31. The firm’s present headquarters at 25 West 39th Street will be turned into showroom space.
The actions are expected to result in a charge of $4 million, or 3 cents a share, this fiscal year. Hilfiger has allocated $10 million to $15 million for renovations.