Tommy Hilfigher, one of the most famous brand names in the fashion industry, is looking for a buyer after its income slipped to an all time low of $1.88 billion.
According to analysts, after the company reinvented itself with its H collection in 2000, its profits started slipping, and is said to be suffering an 'identity crisis,' reports Femalefirst.
The company has reportedly invited bids in the range of $2 billion from both trade and private firms.