It’s been a busy week for the fashion business….

This morning, WWD suggested that serial investor Tommy Hilfiger might be spending some cash on the fashion brand Michael Kors, which is trying to raise around $500 million for a global expansion plan (including an IPO). In the past, Hilfiger has invested in the likes of Karl Lagerfeld and is currently a consultant for the English heritage brand Belstaff. With Hilfiger’s namesake brand now owned by conglomerate PvH, he obviously has an extra bit of time on his hands–or at least space is in his brain–for new projects….

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