
The speculation is OVA!
Phillips-Van Heusen has made their move and bought Tommy Hilfiger to the tune of $3 BILLION smackaroos!
Wowsa!
Even though is company has been bought, Tommy isn't going anywhere. The 58 year old plans to stick around as the principal designer.
[Image via PNP/WENN.]

It's story time with grandpa Tommy Hilfiger, ya'll!
Last week the designer was recalling the time back in 2006 when he punched Axl Rose at Plumm. Tommy explained how it all went down at the French Institute Alliance Francaise's Fashion Talks series:
"Axl pushed me, and I said, 'That was rude.' . . . [He] had a huge ring on. He wears all this jewelry. [I'm thinking], if I get hit, it's over. No teeth, no eye. So I hit him before he hit me. It was self-protection."
But don't worry, he and Axl are friends now.
Thanks for clearing that up for everyone, Tom.
[Image via WENN.]

Maybe!
According to reports, Tommy Hilfiger (the brand, not the actual guy) might be for sale today.
It's rumored that Phillips-Van Heusen Corp, who owns Calvin Klein, is looking to buy the label and could end up controling the brand's international network of retail stores.
Interestingly enough, PVH currently makes the brand's shirts and neckwear under license.
[Image via AP Images.]

The cast of Jersey Shore have been everywhere as of late, and it looks like their next stop will be at the tents of Bryant Park!
Fashion insiders are reporting that the juice heads have been demanding for tickets to the shows.
We blame 'roid-rage.
But their manager Michael Schweiger is fist pumping to a different beat. He says at least three designers have approached the cast, specifically JWoww & Sammi Sweetheart to attend and possibly even walk the runway.
That's a little extreme. Plus do the designers understand the clothes may become damaged after their orange tinge rubs off on them?
If they do show up, Allure's editor-in-chief Linda Wells believes "They should dress exactly the way they always do and not change a hair or hair gel or tone down the tan."
But Paul Wilmot, who reps designers such as Tommy Hilfiger and Oscar de la Renta disagrees, saying: "If they're going to a designer's show, the nicest thing they can do is wear the designer's clothes. No wife beaters, no baggy jeans. Dress up and act like ladies and gentlemen. And invest in a good haircut."
DJ Pauly D is offended by that last comment.
We're sure if the cast does make an appearance the drama is sure to follow. And we hope MTV's cameras are rolling to catch it all!
[Image via WENN.]

Italy-based eyewear firm Safilo Group SpA announced on Wednesday that it had sold a large portion of its retail unites to Hal Holding NV for $19.7 million.
Hal Holding obtained the Spanish chain Loop Vision, Australia's Just Spectacles, and all of Safilo's Chinese retailers. Safilo now only holds American chain Solstice, and Mexican chains Sunglass Island and Island Optical, though they will sell the Mexican shops if need be.
The sale was part of a deal between the two groups made in December, which will keep Safilo away from bankruptcy and ultimately give Hal Holding almost 50% ownership of the Italian firm. Safilo's debts prior to the deal amounted to a staggering $848.9 million.
Yeesh! That's a lot of money.
In spite of all this, Tommy Hilfiger has still signed on with Safilo in a five year license to produce sunglasses and prescription frames for the brand, starting next year. Other brands licensed by Safilo include Armani, Gucci, Marc Jacobs, Yves Saint Laurent, and Valentino.
Let's hope the new Hal Holding deal helps Safilo pull itself up by the boot straps!
[Image courtesy of Safilo Group.]