The Business of Fashion

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Going Bankrupt at Age 25 Changed Tommy Hilfiger's Life — For the Better

Tommy Hilfiger | Source: Badische Zeitung

Emma Clark

06 September 2013

"I was 25 when my accountant came to me and said, 'You have some financial trouble.' I told him we should just take out a bank loan, and he said, 'No, you’ve already done that. You either have to come up with the money for a bailout or you have to file for Chapter 11.'"

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