Tommy Hilfiger
Thomas Jacob "Tommy" Hilfiger (born in Elmira, New York, on March 24, 1951) is a world-famous fashion designer best known for his eponymous "Tommy Hilfiger" and "Tommy" brands. more...
Hilfiger grew up one of nine children in a family that claims Irish and Scottish descent. Hilfiger has claimed to be decended from Scotlands national poet Robert Burns. He is a graduate of Elmira Free Academy. His initial foray into fashion was a store, The People's Place. The store was a big draw for the local teen crowd in Elmira because it often held live broadcasts from local radio personalities, sold rock and roll related clothing including Kiss and Aerosmith belt buckles, and had a discreet head shop upstairs which sold drug related paraphernalia such as bongs, roach clips, and incense. After the business went bankrupt, Hilfiger moved to New York City in 1979 to pursue a career as a fashion designer.
The building in which The People's Place was located was torn down in the late 1990s to make way for First Arena, home to the United Hockey League's Elmira Jackals. Hilfiger reportedly contributed funding to the building of the arena, but declined to have it named after him, according to news reports from the time of construction.
In 1984, he founded the Tommy Hilfiger Corporation (NYSE:TOM) - which went public in 1992 - introducing his signature menswear collection. By 2004 the company had 5,400 employees and revenues in excess of $1.8 billion. Hilfiger was named Menswear Designer of the Year by the Council of Fashion Designers of America in 1995. In August 2005 Hilfiger announced he was selling his company and before the year ended, the company was purchased by Apax Partners for $1.6 billion, or $16.80 a share, all in cash.
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