EXHIBIT 12.1



Tommy Hilfiger Corporation

Ratio of Earnings to Fixed Charges

(000's, except for ratios)



|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|------------------------------------------------------------- |  | --------------------------- | ------- | ---- | - | ------- |  | - | ------- | ---- | ---- | - | ------- |  | - | -------
|                                                              |  | Fiscal Year Ended March 31,
|                                                              |  | 2005                        |         | 2004 |   | 2003    |  |   | 2002    |      | 2001
|                                                              |  |                             |         | (a)  |   | (a)     |  |   | (a)     |      | (a) 
|Earnings                                                      |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Income before income taxes and change in accounting principle |  |                             | 89,585  |      |   | 169,742 |  |   | (71,905 | )    |      |   | 155,322 |  |   | 171,158
|Add fixed charges (as per below)                              |  |                             | 46,812  |      |   | 47,190  |  |   | 58,569  |      |      |   | 52,007  |  |   | 48,718 
|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Adjusted Earnings                                             |  | $                           | 136,397 |      | $ | 216,932 |  | $ | (13,336 | )    |      | $ | 207,329 |  | $ | 219,876
|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Fixed Charges                                                 |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Interest expense (b)                                          |  |                             | 29,201  |      |   | 32,361  |  |   | 44,277  |      |      |   | 41,265  |  |   | 41,412 
|Interest portion of rent expense (c)                          |  |                             | 17,611  |      |   | 14,829  |  |   | 14,292  |      |      |   | 10,742  |  |   | 7,306  
|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Total Fixed Charges                                           |  | $                           | 46,812  |      | $ | 47,190  |  | $ | 58,569  |      |      | $ | 52,007  |  | $ | 48,718 
|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        
|Ratio of Earnings to Fixed Charges                            |  |                             | 2.91    |      |   | 4.60    |  |   | (0.23   | )(d) |      |   | 3.99    |  |   | 4.51   
|                                                              |  |                             |         |      |   |         |  |   |         |      |      |   |         |  |   |        

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|(a) | As restated, see Note 2 to the consolidated financial statements.
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|(b) | Interest expense includes interest on long term debt, short term borrowings and amortization of capitalized loan costs.
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|(c) | One-third of all rent expense is deemed to be the interest portion.
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|(d) | In fiscal 2003, earnings were insufficient to cover fixed charges by $71,905.
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TOMMY HILFIGER CORPORATION

Schedule II - Valuation and Qualifying Accounts



|                                   |  |                              |  |                             |   |        |                          |  |            |        |                                 |  |                       
|---------------------------------- |  | ---------------------------- |  | --------------------------- | - | ------ | ------------------------ |  | ---------- | ------ | ------------------------------- |  | ----------------------
|COL. A                             |  | COL. B                       |  | COL. C                      |   | COL. D |                          |  |            | COL. E
|                                   |  |                              |  | ADDITIONS                   |   |        |                          |  |            |       
|                                   |  |                              |  | (1)                         |   |        | (2)                      |  |            |        |                                 |  |                       
|Description                        |  | Balance atBeginningof Period |  | Charged toCosts andExpenses |   |        | Charged toOther Accounts |  | Deductions |        | CumulativeTranslationAdjustment |  | Balance atEnd ofPeriod
|Fiscal year ended March 31, 2005   |  |                              |  |                             |   |        |                          |  |            |        |                                 |  |                       
|Allowance for Doubtful Accounts(a) |  | 2,330                        |  | 603                         |   |        | 8                        |  | 262        |        | 97                              |  | 2,777                 
|Allowance for Returns              |  | 11,757                       |  | 9,796                       |   |        | 4,500                    |  | 15,976     |        | 248                             |  | 10,325                
|Tax Valuation Allowances           |  | 48,048                       |  | (16,187                     | ) |        |                         |  |           |        |                                |  | 31,861                
|                                   |  |                              |  |                             |   |       
|Fiscal year ended March 31, 2004   |  |                              |  |                             |   |        |                          |  |            |        |                                 |  |                       
|Allowance for Doubtful Accounts(a) |  | 1,929                        |  | 494                         |   |        | 8                        |  | 270        |        | 168                             |  | 2,330                 
|Allowance for Returns              |  | 22,777                       |  | 3,284                       |   |        | 3,998                    |  | 18,806     |        | 504                             |  | 11,757                
|Tax Valuation Allowances           |  | 48,014                       |  | 34                          |   |        |                         |  |           |        |                                |  | 48,048                
|                                   |  |                              |  |                             |   |       
|Fiscal year ended March 31, 2003   |  |                              |  |                             |   |        |                          |  |            |        |                                 |  |                       
|Allowance for Doubtful Accounts(a) |  | 2,373                        |  | (180                        | ) |        |                         |  | 584        |        | 320                             |  | 1,929                 
|Allowance for Returns              |  | 6,458                        |  | 25,656                      |   |        | 3,383                    |  | 13,391     |        | 671                             |  | 22,777                
|Tax Valuation Allowances           |  | 11,000                       |  | 37,014                      |   |        |                         |  |           |        |                                |  | 48,014                

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|(a) | As restated, see Note 2 to the consolidated financial statements.
|--- | -----------------------------------------------------------------