Tommy Hilfiger has forged a new arrangement for his Brazilian business.
Inbrands SA, a publicly held company in São Paulo, with no shares registered for trade, and the Tommy Hilfiger Group, owned by PVH Corp., have formed a joint venture, Tommy Hilfiger do Brasil SA, which will hold the rights to operate, manage and distribute Hilfiger’s branded products in Brazil. The partnership, which also includes American Sportswear SA [ASSA] as a minority partner, will start its wholesale and retail operations on Jan. 4.
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