Via Fark, Wal-Mart may be interested in acquiring Tommy Hilfiger. No, really:
Women's Wear Daily is reporting on its Web site that the world's largest retailer is believed to have initiated the idea of a buyout, and will start conducting due diligence as early as this week. The industry publication says a deal could be signed before Thanksgiving.Here's the original article ($), and here's the New York Times account:
Executives close to the process cautioned that Wal-Mart had only expressed an interest and had not yet begun any diligence or held any substantive talks. The executives also warned that it was unclear how serious Wal-Mart may be.
Posted by Kevin on September, 27 2005 at 10:14 AM
