Wal-Mart reportedly wants Tommy Hilfiger

There’s word that Wal-Mart is interested in acquiring clothing designer Tommy Hilfiger.

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Women’s Wear Daily is reporting on its Web site that the world’s largest retailer is believed to have initiated the idea of a buyout, and will start conducting due diligence as early as this week. The industry publication says a deal could be signed before Thanksgiving.

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FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

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A Hilfiger spokeswoman says the company doesn’t comment on speculation, while Wal-Mart was not immediately available for comment.

According to Women’s Wear Daily, the asking price for Tommy Hilfiger is at least $1.82 billion, but could go as high as $2.16 billion.