Apax Postpones Tommy Hilfiger IPO

LONDON – Apax Partners, reacting to jittery financial markets, has put the planned initial public offering for Tommy Hilfiger Group on ice.

The company said in a statement Thursday that while investor feedback has been positive, management and shareholders want to wait until “recent volatile market conditions” stabilize before proceeding with their plans.

“For now, it is business as usual,” the statement said.

Although Apax had never officially announced plans for – or any details of – an IPO, sources close to the company said the London-based private equity group was planning to list the company in Amsterdam on Euronext, the pan-European stock exchange.

The company was to be valued between $3 billion and $4 billion, and the road show was due to kick off later this week, according to sources.

For more, see Friday’s issue of WWD.