American casual wear, sportswear, jeans, children's wear and footwear company The Tommy Hilfiger Group has entered into an agreement to acquire majority control of licensee Tommy Hilfiger Japan Corporation (THJC), which is currently owned by Itochu Corporation. No financial details of the deal have been disclosed.

Set up in 1996, the Japanese company is the exclusive licensee of Tommy Hilfiger products in Japan and operates 105 free-standing retail stores and 60 department store concessions in the Asian country, generating annual net sales of ¥15.1 billion ($129 million).

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