G-III Apparel Group, Ltd. and its subsidiaries (G-III) designs, sources, distributes and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
G-III has a portfolio of over 30 globally recognized owned and licensed brands anchored by its key owned brands DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin as well as othe...
G-III Apparel Group, Ltd. and its subsidiaries (G-III) designs, sources, distributes and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
G-III has a portfolio of over 30 globally recognized owned and licensed brands anchored by its key owned brands DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin as well as other major brands that currently drive the company’s business. The company's brands are positioned to sell at various price points with global distribution across a diverse mix of channels and geographies to reach a broad range of consumers.
Segments
The company has two reportable segments: wholesale operations and retail operations.
The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, including from retail stores operated by Vilebrequin and Karl Lagerfeld, other than sales of product under the Karl Lagerfeld Paris brand generated by the company’s retail stores and digital platforms. Wholesale revenues also include revenues from license agreements related to trademarks associated with the company’s owned brands.
The retail operations segment consists primarily of direct sales to consumers through company operated stores, which consists primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass and Wilsons Leather. Substantially all DKNY and Karl Lagerfeld Paris stores are operated as outlet stores.
Brands
The company also licenses brands that complement its portfolio, including Calvin Klein, Tommy Hilfiger, Nautica, and Halston, among others. Its overall brand portfolio is diversified across product categories, price points, demographics, occasions, fits and sizes, styles, and genres. Through its licensed team sports business, the company has partnerships with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, and over 150 U.S. colleges and universities. The company also sources and sells products to major retailers under their private retail labels. Its owned brands accounted for approximately 52% of its net sales in fiscal 2025.
The company continues to expand its portfolio of brands through licenses, acquisitions, and joint ventures as it extends its global reach and product offerings. The company is continually seeking new licensing opportunities with brand owners and is seeking to acquire established brands. The company is in the process of developing two of the newest brand additions to its portfolio, Converse and BCBG, which it expects to launch in the Fall of 2025.
Key Owned Brands
G-III has sold apparel under its own proprietary brands. Over the years, the company has developed or acquired brands such as G-III Sports by Carl Banks, Eliza J, and Jessica Howard. The company also acquired Andrew Marc, an aspirational luxury outerwear brand, G.H. Bass, a well-known heritage brand, and Vilebrequin, a premier swimwear and resort wear brand. In its most significant acquisition to date, the company acquired Donna Karan International, which owns DKNY and Donna Karan, two of the world’s most iconic and recognizable brands. In October 2021, the company acquired European luxury fashion brand Sonia Rykiel, and in May 2022, it acquired the remaining interests that it did not own in the iconic Karl Lagerfeld fashion brand.
The company’s key owned brands include:
DKNY
The company acquired the DKNY and Donna Karan brands in 2016. DKNY is a global iconic fashion brand founded in 1989. The company distributes a full lifestyle offering for the brand globally across premier department stores and their digital sites, as well as DKNY stores and digital sites, partner-run stores, and online retailers. DKNY merges modern tailoring with sophisticated ease, celebrating the aspirational and practical spirit of New York. Since G-III acquired DKNY in 2016, the company has significantly expanded the brand’s wholesale presence through premier department stores and other key retailers, including multi-brand and specialty stores. Today, DKNY operates company-operated stores predominantly across North America, located in premium outlet centers. Internationally, the company operates wholesale distribution in multiple countries across department stores, specialty stores, and digital retailers, as well as partner-operated stores globally.
The company also licenses the DKNY brand in several categories, including fragrance, men’s, kids, home, eyewear, watches, and other accessories, which drives additional royalty income to the brand. Its strategic marketing investments in DKNY help drive the brand’s recognition and appeal among global consumer audiences.
Donna Karan
The company relaunched the Donna Karan brand in North America in Spring 2024. The new Donna Karan is a modern system of dressing created to appeal to a woman’s senses on every level, addressing the full lifestyle needs of a new consumer. Inspired by the Donna Karan archives, the company has thoughtfully created a new product line that captures the brand’s ethos of timeless elegance, empowering women, and accessible luxury, tailored to meet the lifestyle needs of today’s customer. The new Donna Karan is distributed in premier department stores, digital channels, and the company's own Donna Karan website in North America. In addition to the Donna Karan products that the company produces, it also licenses additional lifestyle categories, including fragrance, home, eyewear, suits, intimates, sleep, and loungewear. The company is in the early stages of further developing the brand’s lifestyle offerings. The brand is generating significant profitability with some of the highest average unit retails (AURs) and sell-throughs across the company's portfolio.
Karl Lagerfeld
In 2022, the company acquired the remaining interests in the Karl Lagerfeld fashion brand after having previously launched the Karl Lagerfeld Paris brand in North America in 2015. The June 2022 full acquisition of Karl Lagerfeld expanded GIII’s business and presence in Europe, while adding new international expertise. The Karl Lagerfeld brand is known for its signature aesthetic, which combines Parisian classics with a rock-chic attitude and tailored silhouettes. The brand produces a full lifestyle portfolio of apparel, accessories, and footwear, as well as licensed categories including fragrance, men’s, kids, home, among others, and branded experiences with partner-operated luxury hotels and residences. The company distributes the brand through Karl Lagerfeld stores worldwide, including company-operated stores, across over 60 countries. Additionally, the company operates Karl Lagerfeld Paris company-operated stores across North America, located in premium outlet centers.
Vilebrequin
Vilebrequin is a premier provider of luxury status swimwear, resort wear, and related accessories, with iconic designs drawn from its French Riviera heritage and founding in St. Tropez over forty years ago. Vileberquin is currently distributed in company-operated stores and franchised-operated stores and is sold in over 100 countries worldwide. The company continues to grow the brand’s global retail footprint through new stores, as well as distribution partners. It is also expanding Vilebrequin’s lifestyle offering through experiential licensing agreements and extensive collaborations, which drive consumer engagement and fuel brand awareness in global markets. Vilebrequin currently has five beach club concepts in various stages of development, with plans for additional ones. The company opened its first-ever beach club, as well as a flagship store, in Cannes, which is driving powerful brand recognition in the region. Vilebrequin offers a differentiated lifestyle product and experience to its end consumers, and the company thinks there is an opportunity to further expand the brand’s global presence and unlock growth in new markets.
Licensing of its Owned Brands
As the company's portfolio of owned brands has grown, it has licensed these brands in new categories that it does not have the capability to produce itself. The company's licensing program has significantly increased as a result of owning the DKNY, Donna Karan, Karl Lagerfeld, and Karl Lagerfeld Paris brands. The company licenses its owned brands in a variety of categories as well as regions and continues to seek new licensing opportunities to broaden the reach of these brands.
The company has strong relationships with category-leading license partners, including, but not limited to, Marchon, Komar, and Inter Parfums. The DKNY and Donna Karan brands have worldwide license agreements for a broad array of products, including fragrance and related products, intimates, eyewear, bedding and bath products, women’s sleepwear, loungewear, tech accessories, and men’s and women’s fashion watches. Additionally, the company licenses the DKNY brand in the United States and internationally for children’s clothing, children’s footwear, jewelry, men’s tailored clothing, men’s sportswear, men’s dress shirts, men’s underwear, men’s loungewear, men’s swimwear, men’s and women’s golfwear, men’s and women’s socks, tech accessories, furniture, and rugs.
The company licenses the Karl Lagerfeld brand for a wide range of product categories, including, but not limited to, footwear, men’s apparel, fragrances, children’s clothing, eyewear, and tech accessories. The company also licenses the Karl Lagerfeld Paris brand for men’s suits, men’s dress shirts, bedding, and bath products. Furthermore, its experiential licenses with partners for brand-activated hotels and luxury villas showcase the brand’s lifestyle allure and drive consumer engagement while keeping the brand relevant in overseas markets.
The company has a long-term global licensing agreement with Inter Parfums, Inc. for the creation, development, and distribution of fragrances and fragrance-related products under the DKNY, Donna Karan, and Karl Lagerfeld brands. The initial DKNY and Donna Karan term of the license extends through December 31, 2032, and includes a 5-year option to renew, contingent upon the achievement of certain sales targets. The Karl Lagerfeld term of the license extends through October 31, 2032, with no option to renew.
The company’s G.H. Bass, Vilebrequin, Andrew Marc and Sonia Rykiel brands also have licensed product in a variety of categories. The company intends to continue to focus on expanding licensing opportunities for its proprietary brands.
Portfolio of Licensed brands
In addition to its owned brands, licensed brands are a key component of the company's go-forward strategy. Importantly, licensed brands represent a capital-light way to grow. Each brand offers unique attributes that further diversify the company's portfolio across product, aesthetic, distribution channel, and consumer segments. Under the company's license agreements, it is generally required to achieve minimum net sales of licensed products, pay guaranteed minimum royalties, make specified royalty and advertising payments (usually based on a percentage of net sales of licensed products), and receive prior approval from the licensor regarding all design and other elements of a product prior to production.
The company’s key licensed brands include:
Calvin Klein
Beginning in 2005, the company had licenses for Calvin Klein men’s and women’s outerwear and subsequently added licenses for women’s suits, dresses, women’s performance wear, women’s sportswear, men’s and women’s swimwear, women’s handbags, small leather goods, luggage, and jeanswear in the United States and Canada. The company will now be transitioning away from this brand over the next four years. Its licenses for Calvin Klein products expire on a staggered basis beginning on December 31, 2024, and continuing through December 31, 2027. The company has the right to request an extension of the Calvin Klein license for the women’s suits category through December 31, 2029.
Tommy Hilfiger
Beginning in 2009, the company has continuously expanded its relationship with Tommy Hilfiger. The company holds a multi-category womenswear license in the United States and Canada. This license for women’s sportswear, dresses, suit separates, performance and jeans is in addition to its Tommy Hilfiger men’s and women’s outerwear license and Tommy Hilfiger luggage license, both also in the United States and Canada. The company’s licenses for Tommy Hilfiger products expire on a staggered basis beginning on December 31, 2025, and continuing through December 31, 2027. The company has the right to request an extension of the Tommy Hilfiger license for the women’s suits category through December 31, 2029.
Nautica
In March 2023, the company entered into a licensing agreement with Authentic Brands Group for the Nautica brand for distribution in North America. The license includes a number of categories under which the company currently produces a full women’s jeanswear collection. Nautica has strong brand recognition, offering iconic modern and nautically inspired designs with a casual fit, feel, and function. The company launched the women’s jeans category in Spring 2024 and expects to expand into additional lifestyle categories over time. The brand serves as a strong addition to the company's portfolio and complements its current offering of women’s apparel.
Halston
In May 2023, the company announced the signing of a 25-year master licensing agreement with Xcel Brands, Inc. for the Halston brand, giving the company access to all categories across men’s and women’s products. The agreement provides the company with the ability to sub-license additional categories, as well as the option to buy the Halston brand for a predetermined price. Halston’s simple and classic elegance offers an easy, modern approach to aspirational style. The company launched the initial product in Fall 2024 and will be expanding distribution across its various channels and geographies.
Champion
In September 2023, the company entered into a licensing agreement for Champion, which was recently acquired by Authentic Brands Group, to design and produce men’s and women’s outerwear collections in North America. Champion is an iconic American brand born from sport with global recognition, offering athletic apparel that has a strong appeal among younger customers. G-III launched the Champion outerwear product in Fall 2024 and plans to create quality heritage pieces that expand the brand’s renowned lifestyle offering.
Converse
In September 2024, G-III announced a global licensing agreement for Converse, Inc., to design and produce adult men’s and women’s apparel. Converse is an iconic American youth lifestyle brand owned by Nike, Inc. with international recognition that meets the ever-shifting demands of the younger consumer. The company expects to launch this brand in the Fall 2025.
BCBG
In July 2024, the company entered into a licensing agreement with Marquee Brands for its BCBG and BCBG GENERATION brands in the United States and Canada. The license includes women’s apparel and swimwear products, focusing on dresses, ready-to-wear separates, and comprehensive sportswear collections with an angle on invigorating the brand’s lifestyle vision. The company expects to launch products under these brands in Fall 2025.
Strategic Priorities
The company’s focused on the following strategic priorities such as drive growth of the company’s owned brands; build its complementary portfolio of licensed brands; expand the company’s global reach; and execute its turnaround strategy to bring its North American retail segment to profitability.
Products-Development and Design
G-III designs, sources and markets women’s and men’s apparel at a wide range of retail price points. The company’s product offerings primarily include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear. The company also markets footwear and accessories including women’s handbags, small leather goods, cold weather accessories, and luggage.
G-III offers a wide range of products under its own proprietary brands. See ‘Key Owned Brands’ above. G-III’s licensed apparel consists of both women’s and men’s products in a broad range of categories. See Complementary Portfolio of Licensed Brands above. The company seeks licenses that will enable it to offer a range of products targeting different price points and distribution channels.
The company works with a diversified group of retailers, such as Macy’s, Harley-Davidson, Costco, Kohl’s, and Ross Stores, in developing product lines that are sold under their private label programs. Its design teams collaborate with customers to produce custom-made products for their stores. Store buyers may provide samples to the company or may select styles already available in its showrooms.
The company's in-house designers are responsible for the design and look of its owned, licensed, and private label products. The company works closely with its licensors to create designs and styles for each of its licensed brands. Licensors generally must approve products to be sold under their brand names prior to production. The company maintains a global pulse on styles, using trend services and color services to enable it to quickly respond to style changes in the apparel industry. Its experienced design personnel and focused use of outside services enable the company to incorporate current trends and consumer preferences in designing new products and styles.
The company's design personnel meet regularly with its sales and merchandising departments, as well as with the design and merchandising staffs of its licensors, to review market trends, sales results, and the popularity of its latest products. The designers present their evaluation of the styles expected to be in demand in the United States. The company also seeks input from selected customers regarding product design.
Marketing and Distribution
G-III’s products are sold primarily to department, specialty and mass merchant retail stores in the United States. The company sells to approximately 1,600 customers, ranging from national and regional chains to small specialty stores. It also distributes its products through its retail stores and digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, Karl Lagerfeld Paris, G.H. Bass, Wilsons Leather, and Sonia Rykiel businesses, as well as through the digital channels of its retail partners such as Macy’s, Nordstrom, Amazon, Fanatics, Zalando, and Zappos.
Sales to the company’s ten largest customers accounted for 69.6% of its net sales in fiscal 2025. Sales to Macy’s, which includes sales to its Macy’s and Bloomingdale’s store chains, as well as through macys.com, accounted for an aggregate of 18.0% of its net sales in fiscal 2025. Sales to TJX Companies accounted for an aggregate of 13.2% of its net sales in fiscal 2025. In addition, sales to Ross Stores accounted for an aggregate of 12.6% of the company’s net sales in fiscal 2025.
A substantial majority of the company’s sales are made in the United States. The company also sells its products to customers in Europe, Canada, the Far East, the Middle East, Central America, South America and Australia, which, on a combined basis, accounted for approximately 22.6% of its net sales in fiscal 2025.
The company's products are sold primarily through its direct sales force, along with its principal executives who are also actively involved in the sale of its products. Some of the company's products are also sold by independent sales representatives located throughout the United States. The Canadian market is serviced by a sales and customer service team based both in the United States and in Canada. Sales outside of the United States and Canada may be managed by the company's salespeople located in its sales offices in Europe or Asia, depending on the customer.
Brand name products sold by the company pursuant to a license agreement are promoted by institutional and product advertisements placed by the licensor. The company's license agreements generally require it to pay the licensor a fee based on a percentage of net sales of licensed products to cover a portion of these advertising costs. The company may also be required to spend a specified percentage of net sales of a licensed product on advertising placed by it.
The company's marketing efforts for the repositioned Donna Karan brand are focused on high-impact brand campaigns featuring globally recognizable talent. The company is building brand awareness through messaging that communicates the brand’s historical origins and relevance to today’s consumer. The company has also launched noteworthy media and marketing initiatives to support its wholesale and retail channels. It will continue to invest in paid strategies that place the brand in outdoor, print, and digital media.
DKNY’s marketing efforts are focused around communicating brand DNA and visual identity for the new evolution of the brand. The company is building global awareness through high impact ad campaigns that feature relevant and noteworthy talent.
The company strives to create marketing initiatives, collaborations, and image programs to attract qualified new customers globally. It supports its licensees and international retail partners with brand campaigns, product-specific imagery, along with local events and brand activations in its priority markets that are on-brand and relevant to those regions. The company continues to invest in digital media and storytelling for brand amplification and to establish comprehensive commercial marketing tools that will support its global wholesale and retail channels.
Karl Lagerfeld’s marketing efforts focus building global awareness through high impact ad campaigns and digital content featuring strategic collaborations with top-tier artists, tastemakers and icons. In North America, the Karl Lagerfeld Paris brand amplifies this vision with locally relevant engagement. Karl Lagerfeld’s recent marketing efforts have embraced the brand’s DNA by celebrating Karl Lagerfeld’s black-and-white aesthetic and Parisian rock-chic attitude through the launch of new collections, premium pop-up stores, social media coverage and high-profile events. Additionally, the company has entered into partnerships to create a Karl Lagerfeld branded luxury hotel and luxury villas that bring the brand to life.
Vilebrequin’s marketing efforts have been based on continually offering new swimwear prints and expanding the range of its products to new categories such as women’s swimwear, ready-to-wear and accessories. Besides its traditional advertising networks, such as print, outdoor advertising and catalogues, Vilebrequin is developing new marketing channels through the use of digital media, product placement, impactful collaborations and public relations. Vilebrequin is also developing a hospitality business through beach clubs and restaurants called Vilebrequin La Plage which offers the south of France ‘art de vivre’ under the sun, while reinforcing distribution and partnerships with luxury resorts to target core customers.
The company primarily relies on its reputation and relationships to generate business in the private label portion of its wholesale operations segment. As digital sales of apparel continue to be an important part of the company's business, it is developing initiatives to increase its digital presence through its own websites and the websites of its retail partners. The company is working closely with its retail partners to provide consumers with a high-quality digital experience for its products. The company is working to increase its digital sales through marketing, social influencers, and other online drivers of sales.
Seasonality
Retail sales of apparel have traditionally been seasonal in nature. Historically, the company's wholesale business has been dependent on its sales during the third and fourth fiscal quarters (year ended January 2025) due to the anticipation of the holiday shopping season for its retail customers. Net sales during the third and fourth quarters accounted for approximately 61% of the company's net sales in fiscal 2025. The company is highly dependent on its results of operations during the second half of its fiscal year. The second half of the fiscal year is expected to continue to provide a larger portion of the company's net sales and a substantial majority of its net income for the foreseeable future.
Trademarks
The company owns a number of proprietary brands that it uses in connection with its business and products including, among others, DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Andrew Marc, Marc New York, Eliza J, Jessica Howard, Wilsons Leather, Sonia Rykiel and G-III Sports by Carl Banks.
History
G-III Apparel Group, Ltd. was founded in 1956. The company was incorporated in 1989.
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