G-III news and archive

G-III and Aldo strike up licensing deal for G.H.Bass

G-III Apparel Group has secured a new strategic licensing agreement with Aldo Product Services (APS), a subsidiary of the Aldo Group, for the accessory line of the brand G.H.Bass. Through the seven-year exclusive deal, APS will be responsible for the design, manufacturing, distribution, marketing and sale of G.H.Bass footwear, bags, and small...

BusinessMember

Karl Lagerfeld parent G-III posts surprising sales and profit growth

US clothing group G-III Apparel Group Ltd. closed the 2024/25 financial year with surprisingly strong sales and profit growth. This is evident from the annual report that the parent company of fashion brands Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel presented on Thursday. In the past fiscal year, which ended on January 31, the group's...

BusinessMember

G-III raises earnings guidance for fiscal 2025

G-III Apparel Group’s third quarter net sales increased 1.8 percent to 1.09 billion dollars, while net income was 114.8 million dollars or 2.55 dollars per diluted share. The company said non-GAAP net income per diluted share was 2.59 dollars for the quarter compared to 2.78 dollars in the same period last year. Commenting on the financial...

BusinessMember

G-III raises fiscal 2025 profit guidance

G-III Apparel Group reported net sales for the second quarter decreased 2 percent to 644.8 million dollars. Net income for the quarter rose to 24.2 million dollars or 53 cents and non-GAAP net income per diluted share increased to 52 cents. The company expects 2025 net sales to increase by approximately 3 percent to 3.20 billion dollars, net...

BusinessMember

G-III and JS to develop BCBG family of brands

Marquee Brands, the parent company of global fashion house, BCBG, has announced new strategic partnerships with G-III Apparel Group to propel growth at its iconic brands – BCBG and BCBG Generation and JS International (JS) to reinvigorate BCBGMaxazria. The company said in a release that these partnerships will commence with each brand’s 2025...

BusinessFeaturedMember

G-III Apparel Group posts sales and earnings growth

G-III’s net sales for the first quarter were 609.7 million dollars , while net income rose to 5.8 million dollars or 12 cents per diluted share versus the prior year’s quarter. Non-GAAP net income per diluted share was 12 cents for the quarter compared to 13 cents in the same period last year. Commenting on the first quarter results, Morris...

BusinessMember

Donna Karan New York to relaunch under G-III next spring

Donna Karan New York is undergoing a revival in a bid to reintroduce the brand to the current generation of women next spring. According to a report by Women’s Wear Daily, parent company G-III Apparel Group Ltd, which acquired Donna Karan International Inc. back in 2016, has undertaken a creative refresh of the Donna Karan New York brand. This...

BusinessFeaturedMember

G-III raises earning outlook, appoints chief growth officer

G-III Apparel Group’s net sales for the third quarter decreased 1 percent to 1.07 billion dollars. The company said net income rose to 127.6 million dollars or 2.74 dollars per diluted share, while non-GAAP net income per diluted share increased to 2.78 dollars for the third quarter. G-III also announced that it has appointed Dana Perlman as its...

BusinessFeaturedMember

G-III Apparel Group ups full-year outlook as Q2 sales rise

G-III Apparel Group has upped its full-year guidance after reporting a 9 percent increase in sales but narrowing profits in the second quarter. The group, whose portfolio includes brands Karl Lagerfeld, DKNY, and Donna Karan, generated sales of 659.8 million dollars in the three months ended July 31. That’s compared to sales of 605.2 million...

BusinessMember

G-III Apparel Group appoints three new board members

G-III Apparel Group has announced the appointment of three new members to its board of directors, revealed during its Annual Meeting of Stockholders. President of the Fashion Institute of Technology (FIT), Joyce Brown, is among those announced, bringing to the board over 40 years of experience in public higher education. Brown has additionally...

BusinessFeaturedMember

G-III ups FY outlook, announces licensing deal with Halston

G-III Apparel Group has upped its full-year revenue and profit outlook after exceeding both its top and bottom line guidance in the first quarter. Net sales for the first quarter ended April 30 dropped 11.9 percent to 606.6 million dollars, while net income narrowed to 3.2 million dollars from 30.6 million dollars. The group, whose portfolio...

BusinessMember

Authentic Brands Group signs licensing deal with G-III for Nautica womenswear

Authentic Brands Group (Authentic) has announced the signing of a strategic and long-term licensing deal with G-III Apparel Group for Nautica’s womenswear apparel. Beginning January 2024, the agreement will see G-III design, manufacture and distribute the brand’s sportswear, jeans, tailored clothing and dresses for women in the US and Canada....