American fashion apparel major Tommy Hilfiger received Foreign Investment Promotion Board (FIPB) approval to run own stores and start e-commerce in India. The approval, granted earlier this week, came nearly four years after its Indian arm, Tommy Hilfiger Arvind Fashion, moved the application. NYSE-listed PVH Corp and textile tycoon Sanjay Lalbhai-led Arvind equally own Tommy Hilfiger's Indian operations. When contacted, the local unit declined to comment on the development. In…
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