"We have started a new fiscal year with strong opposition," Chairman Davis said in a statement. "On present evidence, sales will become more quickly in the next financial year."

The company said the rapid growth wholesale handbags of its Asian operations, especially with the wholesale revenue more than doubled as its partner to open stores in Hong Kong, South Korea, Qatar, Dubai, Kuala Lumpur.

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The move will end with Tichebox license agreement, introduced Tommy Hilfiger Srl handbags and small leather goods to the European market in 2004.

However, Tommy Hilfiger, said the company plans to enter coach handbags a new license agreement and Tichebox design, production, sales and marketing at the Tommy Hilfiger brand luggage after trading closed.

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