Apparel company Tommy Hilfiger Corp on Tuesday (31 January) said the Federal Trade Commission has cleared its takeover by Apax Partners.

Tommy Hilfiger, whose brands include Tommy Hilfiger and Karl Lagerfeld, announced in December 2005 that it was to be sold to private-equity investment group Apax Partners for $1.6bn or US$16.80 per share in cash.

The company said the transaction is still expected to close in spring 2006.