DALLAS, Aug 18, 2005/ FW/ --- Three weeks before Tommy Hilfiger shows his Spring 2006 collection at Bryant Park, news of the company being put up for sale reaches the airwaves.

According to a report published by Women’s Wear Daily, Tommy Hilfiger Corporation is looking for buyers with the asking price of $1.82 billion. According to the same report, the price can go as high as $2.16 billion.

Tommy Hilfiger himself, and his namesake company have been on high profile news lately. With Tommy Hilfiger hosting the show, “The Cut” about fashion designers, his face has become familiar with millions of TV viewers.

In Wall Street, Tommy Hilfiger Corporation has been on the headlines with a federal probe into a tax-related issue, which the company settled last week by agreeing to pay $18.1 million in taxes and interest.

The news on the probe had been unkind to the company’s stock, which fell below $9 a share last year. The news of the sale helped out a lot though, climbing to $17.87 at the close of trading at the New York Stock Exchange.

But although the company was in the middle of the probe, it had continued its business plans of expansion, acquiring Lagerfeld Gallery last year and opening a new showroom, offices and retail store in Milan this September.