Sam, meet Tommy

28 September 2005 By Alex Fak

The megaretailer has approached the $1.6bn Hong Kongbased fashion company, which put itself up for sale in August. At first blush, this seems an odd pairing. But it actually may fit in with the retailer s experience with Asda in the UK.

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WalMart is considering a bid for all or part of Tommy Hilfiger, according to Women's Wear Daily, which broke the news on Monday.

A source has confirmed to breakingviews that WalMart has held meetings with company officials but says that Hilfiger won't formally go on the block for at least another month.

Bentonville, Arkansasbased WalMart is the largest retail chain in the world. It posted sales of $285bn last year.

HongKong based Hilfiger had revenues of $1.9bn in 2003, the last year for which data is available. As of the end of 2004, it had 198 stores on four continents.

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