CREDIT CALL: PPR, the French luxury and retail group, said Thursday it signed a new revolving credit facility reinforcing its financial structure. The five-year credit line for PPR is 2.75 billion euros, or $3.59 billion. It replaces two previous facilities, established in October 2002 and May 2004. PPR said the new pact could be extended for as much as two years.
TOMMY’S KIDS: Tommy Hilfiger USA Inc. named Chris Nakatani, 41, president of its children’s wear division. Nakatani had been president of licensing sales and continues to oversee retail account services and the men’s underwear business. He reports to Lynn Shanahan, group president of the company’s U.S. wholesale business. The children’s and men’s businesses had been headed up by Allan Zwerner, who will now focus his efforts as president of men’s.
This story first appeared in the March 25, 2005 issue of WWD. Subscribe Today.