Clothing label Tommy Hilfiger is considering a European float – possibly in London – that could value the company at up to €3bn (£2bn). The Daily Telegraph

Tommy Hilfiger's European sales grew from £200m in 2003 to more than £400m last year and are expected to rise further with plans to open 50 stores a year over the next three years.

Private equity firm Apax Partners, which owns around 80% of Tommy Hilfiger, has appointed Credit Suisse and Citigroup to study a listing of the business.