TOMMY HILFIGER - HILFIGER LOSES OUT IN ESTATE SALE

HILFIGER LOSES OUT IN ESTATE SALE

Fashion mogul TOMMY HILFIGER has lost out in the sale of his luxury estate in Connecticut - the property has sold for around $8 million (£5 million) less than the asking price.
The designer paid $18 million (£11.25 million) in 2005 for the sprawling Greenwich home, which boasts eight bedrooms, nine bathrooms, a 2,000-bottle wine cellar and an indoor basketball court.
But the housing market slump has hit Hilfiger hard, and after keeping the mansion on the market since February 2008, the house finally sold for $20 million (£12.5 million) - $8 million (£5 million) less than the price Hilfiger hoped for.