Fashion mogul Tommy Hilfiger is planning on expanding his empire by launching his own record label.
The designer recently launched a collaboration with music label Sony BMG to help sign new artists.
And the fashion chief insists it has paved the way for his company to set up a record label for the digital music age.
He says, "It (the music industry) is going through a change, but I think that music will never go out of style.
"When the music industry works out how to get people to pay for it, it will be back on the positive growth track."