"Global market turmoil claimed its first fashion victim yesterday as Tommy Hilfiger Corp. shelved plans for an initial public offering of its shares on the Euronext Amsterdam exchange.</br></br>The company and its owner, private-equity firm Apax Partners, said the decision to shelve the IPO came even though ""investor feedback has been positive.""</br></br>""Considering recent volatile market conditions, management and shareholders decided to postpone an IPO process until such time that market conditions have stabilized,"" they said.</br></br>The pullback illustrates how the once-confident luxury-goods industry is getting skittish about whether it can attract investors at a time of roiling global markets and looming recession in the U.S. It remains to be seen how the turmoil could affect Prada SpA and Salvatore Ferragamo SpA -- two of the industry's best-known brands, which are planning listings on the Milan stock exchange this year. Prada shelved a previous plan for an IPO after the Sept. 11, 2001, attacks in the U.S.</br></br>""We are working with our advisers to determine the best timing. No decision has been made,"" said Prada spokesman Tomaso Galli. A spokesman for Salvatore Ferragamo couldn't be reached for comment."