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TOM Toyota Motor Corporation

18.942
0.00 (0.00%)
02 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Toyota Motor Corporation TG:TOM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.942 19.104 19.198 0.00 06:43:07

Tommy Hilfiger U.S.A. Issues Statement

24/09/2004 10:31pm

PR Newswire (US)


Toyota Motor (TG:TOM)
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Tommy Hilfiger U.S.A. Issues Statement NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- Tommy Hilfiger U.S.A., Inc. ("THUSA"), a wholly-owned subsidiary of Tommy Hilfiger Corporation (NYSE: TOM), announced that it received yesterday a grand jury subpoena issued by the U.S. Attorney's Office for the Southern District of New York seeking documents generally relating to THUSA's domestic and/or international buying office commissions since 1990. Certain of THUSA's current and former employees have also received subpoenas. THUSA pays buying office commissions to a non-U.S. subsidiary of Tommy Hilfiger Corporation to provide or otherwise secure certain services, including product development, sourcing, production scheduling and quality control functions. It appears that the investigation is focused on whether the commission rate is appropriate. THUSA is responding to the investigation, including by providing documents requested by the subpoena. THUSA is unable to predict the timing or outcome of the investigation. Tommy Hilfiger Corporation, through its subsidiaries, designs, sources and markets men's and women's sportswear, jeanswear and childrenswear under the Tommy Hilfiger trademarks. Through a range of strategic licensing agreements, the Company also offers a broad array of related apparel, accessories, footwear, fragrance and home furnishings. The Company's products can be found in leading department and specialty stores throughout the United States, Canada, Europe, Mexico, Central and South America, Japan, Hong Kong, Australia and other countries in the Far East, as well as the Company's own network of outlet and specialty stores in the United States, Canada and Europe. CONTACT: Investor Relations Public Relations Joseph Scirocco/Valerie Martinez Ruth Pachman/Wendi Kopsick (212) 548-1570/1811 (212) 521-4891/4867 DATASOURCE: Tommy Hilfiger U.S.A., Inc. CONTACT: Investors, Joseph Scirocco, +1-212-548-1570, or Valerie Martinez, +1-212-548-1811, or Public Relations, Ruth Pachman, +1-212-521-4891, or Wendi Kopsick, +1-212-521-4867, all for Tommy Hilfiger U.S.A., Inc.

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