HONG KONG: Hilfiger Posts $439m Q1 Loss, Co-Chairman Quits
Fashion giant Tommy Hilfiger Corporation on Monday posted a huge $439 million net loss based on an accounting change and announced its co-chairman, Lawrence Stroll, had quit.
The Hong Kong-based clothing designer and retailer said in the 13 weeks to June 30, it lost $4.88 per diluted share compared to a net profit of $9m, or 10 cents a share, in the year-ago period.
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