Fashion brand Tommy Hilfiger is up for sale after the firm's annual income fell to just $1.88 billion (GBP1.04 billion) last year (05).
The fashion house - which has been promoted by LIZZIE JAGGER and KIMBERLY STEWART - is reportedly inviting bids in the region of $2 billion (GBP1.1 billion) from either trade or private firms.
Analysts have described the company as having an "identity crisis" after it tried reinventing itself with its understated H Collection, with profits down more than 5 per cent since 2000.
Retailer J Crew - headed by former Gap executive MICKEY DREXLER - is currently filing for an initial public offering.
Filmmaker Wes Craven has died at the age of 76, his family has announced. With a career spanning over 40 years, Craven was one of the most prolific...
Set in the beautiful Swiss Alps, Youth sees Michael Caine & Harvey Keitel in a fine piece of work.