Joel Horowitz, chairman of luxury goods company Tommy Hilfiger Corporation, is to retire from the company after this year's annual shareholders' meeting which is  expected to take place on 31 October.

Until his departure, Horowitz will serve as non-executive chairman of the company's board of directors.

Horowitz was a founder of Tommy Hilfiger, and held a number of different leadership roles with the company, most recently serving as executive chariman from February 2003 until 31 March 2005.

Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's sportswear, jeanswear and childrenswear under the Tommy Hilfiger trademarks. Through a range of licensing agreements, the company also offers a broad array of related apparel, accessories, footwear, fragrance, and home furnishings.