1984: Tommy Hilfiger launches a men’s sportswear collection licensed to Murjani.
1985: Hilfiger opens his first freestanding store in Manhattan on Madison Avenue, offering men’s wear.
1986: The designer opens his second store on Rodeo Drive in Beverly Hills with talk of it being the launching pad to his pending women’s extension.
1988: Hilfiger breaks away from Murjani International Ltd. to become a separate company.
1989: Silas Chou and Lawrence Stroll acquire a majority stake in Tommy Hilfiger Inc. The Murjani license ends.
1992: Tommy Hilfiger goes public, making its debut at $15 a share in September and soaring to $26 in two months.
1995: Hilfiger is bestowed with CFDA’s fashion award for men’s wear designer of the year.
1996: The designer launches women’s sportswear and his first fragrance, Tommy Girl.
2001: Hilfiger buys the license for Tommy Hilfiger Europe from T.H. International NV for $200 million in cash.
2002: The company announces that it will close 37 of its 44 U.S. stores.
2003: Hilfiger steps down as chairman of his company, assuming the title of honorary chairman and principal designer. Then-chief executive officer Joel Horowitz takes over as chairman.
2004: Tommy signs Beyoncé Knowles as the face of True Star to boost his fragrance business; the better-priced H Hilfiger collection launches exclusively at 120 Federated stores with a $10 million marketing budget, and an investigation by the U.S. attorney’s office in Manhattan begins as a result of 10 shareholder lawsuits filed against the firm. In December, the designer announces that he is buying trademarks for the Karl Lagerfeld name, including Lagerfeld Gallery.
2005: Hilfiger halts the delivery of the H Hilfiger collection with plans to concentrate the line in its own retail stores; the designer’s reality show “The Cut” makes its debut on CBS, and the investigation against him is completed with him cleared.
This story first appeared in the August 18, 2005 issue of WWD. Subscribe Today.