G-III Apparel Group

G-III Apparel Group is an American clothing company which designs, manufactures, and markets women's and men's apparel in the United States and internationally through a portfolio of highly recognizable proprietary and licensed brand names, including Guess?, DKNY,[4] Calvin Klein, Tommy Hilfiger, Andrew Marc, Levi Strauss & Co., Dockers, Harley-Davidson apparel, Kenneth Cole and Wilsons.[5]

G-III Apparel Group, Ltd.
TypePublic
Nasdaq: GIII
S&P 600 component
IndustryFashion, apparel, accessories
Founded1956
FounderAron Goldfarb
Headquarters
New York City, U.S.[1]
Key people
  • Morris Goldfarb (CEO and Chairman)
  • Sammy Aaron (President and Vice chairman)
  • Wayne S. Miller (COO)
  • Jeffrey Goldfarb (Executive Vice President)
  • Neal S. Nackman (CFO)[2]
ProductsApparel and accessories
RevenueUS$3.23bn (FY 2023)
Number of employees
3,600 full time; 1,100 part-time [3] (2023)
Websitegiii.com

History

Aron Goldfarb (1924–2012),[6] a Polish-born Holocaust survivor,[4][7] founded the company as an outerwear brand, G&N Sportswear, in 1956, and in 1972 his son, Morris Goldfarb, current chief executive officer, joined the company. Now called the G-III Apparel Group, the company has become a leading manufacturer and distributor of apparel and accessories under both owned and licensed brands as well as private label brands.

Brand Portfolio

G-III owns and licenses more than 30 global fashion brands,[8] and maintains licensing agreements with major U.S. sports leagues and more than 150 U.S. colleges and universities.[8][9]

Some of the company's brand ownership and licensing relationships are summarized below:

Name Owned or licensed Acquired in
Karl Lagerfeld Owned[8] 2022[10][11]
Sonia Rykiel Owned[8] 2021[12]
Donna Karan New York Owned[8] 2016[13]
DKNY Owned[8] 2016[13]
Karl Lagerfeld Paris Owned[8] 2015[10][11]
G.H. Bass Owned[8] 2013[14]
Vilebrequin Owned[8] 2012[15]
Andrew Marc Owned[8] 2008[16]
Wilsons Leather Owned[8] 2008[17]
Eliza J Owned[8] 2007[18]
Jessica Howard Owned[8] 2007[18]
G-III Sports Owned[8] 1988[19][20]
Halston Licensed[21] 2023[21]
Nautica Licensed[22] 2023[22]
Margaritaville Licensed[8] 2021[23]
Vince Camuto Licensed[8] 2011[24][25]
Dockers Licensed[8] 2008[26]
Levi's Licensed[8] 2008[26]
Calvin Klein Licensed[8] 2005[27]
Cole Haan Licensed[8] 2005[28]
Tommy Hilfiger Licensed[8] 2005[27]
NASCAR Licensed[8] 2004[29]
Major League Baseball Licensed[8] 1999[30]
National Basketball Association Licensed[8] 1998[31]
National Hockey League Licensed[8] 1996[32]
Kenneth Cole Licensed[8] 1995[28]
National Football League Licensed[8] 1988[19][20]

Welfare concerns

Some of G-III's brands, such as Andrew Marc and Ivanka Trump, have been accused of flouting serious animal or human welfare principles.[33][34][35][36]

See also

References
  1. "G-III Apparel Group". Fortune. Retrieved 2019-09-21.
  2. "LEADERSHIP TEAM". G-III. Retrieved 2019-09-21.
  3. "G-III Apparel 10-K for year ending January 31, 2023". www.sec.gov. Retrieved 2023-08-24.
  4. "Goldfarb Family Brings DKNY Back to New York". The Forward. 2016.
  5. "Our Portfolio". G-III. Retrieved 2019-09-21.
  6. Friedman, Arthur (2012). "Aron Goldfarb, G-III Founder, Dead at 88". Women's Wear Daily. Retrieved 2021-02-06.
  7. Ivo Welch. "G-III Apparel Group Inc. § The Company and Its Management" (PDF). Aron Goldfarb was a Polish Jew who had survived the Holocaust and moved to the U.S. in 1956
  8. "Form 10-K". G-III. 2023. Retrieved September 1, 2023.
  9. "Form 8‑K". U.S. Securities and Exchange Commission. July 28, 2020. Retrieved June 5, 2023.
  10. "Karl Lagerfeld to bring namesake brand to North America". FMD. June 9, 2015. Retrieved April 19, 2023.
  11. Clark, Evan; Socha, Miles (May 22, 2022). "G-III Buying Full Control of Karl Lagerfeld". Women's Wear Daily. Retrieved April 19, 2023.
  12. Lockwood, Lisa (September 23, 2021). "G-III Signs Agreement to Purchase Sonia Rykiel". Women's Wear Daily. Fairchild Publishing. Retrieved April 28, 2023.
  13. Vidalon, Dominique; Wendlandt, Astrid (July 24, 2016). "LVMH sells loss-making Donna Karan to G-III in $650 million deal". Reuters. Retrieved April 19, 2023.
  14. "G-III Apparel acquires G.H. Bass from PVH". Fashion Network. October 3, 2013. Retrieved April 28, 2023.
  15. "G-III buys luxury swimwear brand Vilebrequin for about $106 million". Reuters. August 8, 2012. Retrieved April 28, 2023.
  16. Feitelberg, Rosemary (February 12, 2008). "G-III Acquires Andrew Marc In $42M Deal". Women's Wear Daily. Retrieved April 19, 2023.
  17. "UPDATE 1-G-III buys Wilsons Leather outlet stores, ups '09 view". Reuters. July 8, 2008. Retrieved April 19, 2023.
  18. "G-III buys some assets of Jessica Howard, Industrial Cotton". Reuters. May 24, 2007. Retrieved April 19, 2023.
  19. "G-III Apparel Group, Ltd. Signs Expanded License With NFL". SGB Media. October 14, 2010. Retrieved May 23, 2023. G-III has been a licensee of the NFL since 1988.
  20. Brescia, Joe (January 2, 2011). "Trading Uniform For a Clothing Line". The New York Times – via Nexis. 'I put together my first sample line back in 1988, showed it around and received a great response. I was granted a limited license from the National Football League at that time. Since then, it has grown into something full scale, G-III Sports by Carl Banks.'
  21. Moin, David; Clark, Evan (June 26, 2023). "Halston Finds a New Home at G-III With Licensing Deal". Women's Wear Daily. Retrieved June 10, 2023 – via Yahoo.
  22. Lockwood, Lisa (March 16, 2023). "G-III Licenses Nautica Women's Apparel From Authentic Brands Group". Women's Wear Daily. Fairchild Publishing. Retrieved April 28, 2023.
  23. "Margaritaville". G-III. Retrieved May 23, 2023.
  24. Ryan, Thomas J. (September 16, 2010). "G-III Apparel Forms Joint Venture With The Camuto Group". SGB Media. Retrieved May 23, 2023.
  25. "Vince Camuto". G-III. Retrieved May 23, 2023.
  26. Ryan, Thomas J. (February 11, 2008). "G-III Acquires Andrew Marc". SGB Media. Retrieved May 23, 2023.
  27. Hartford, Teresa (July 18, 2005). "G-III Adds $100 Million to Top Line with Two Acquisitions". SGB Media. Retrieved April 19, 2023.
  28. "Power 100". Daily News Record. Fairchild Publications. October 30, 2006 – via Nexis. The company's acquisition earlier this year of Winlit Group brought Guess, Tommy Hilfiger and Ellen Tracy on board, and the purchase of Marvin Richards Ltd. added even more luster with Calvin Klein and St. John Knits. G-III, meanwhile, also has the nameplates for Sean John, Kenneth Cole, Cole Haan, Izod, Jones New York, Donald Trump, Pacific Trail and Nine West, in addition to its sports licensing division dating back to 1988, which includes the NFL, Major League Baseball, the National Basketball Association, the National Football League and the National Hockey League.
  29. "G-III, NASCAR Team Up" (Press release). G-III. May 24, 2004 – via Nexis.
  30. "G-III Apparel Teams With Major League Baseball to Produce Outerwear Collection". G-III. September 30, 1999. Retrieved April 21, 2023.
  31. "G-III Apparel Group, Ltd. Announces Licensing Agreement With National Basketball Association" (Press release). G-III. April 7, 1998 – via Nexis.
  32. Pederson, Jay P.; Derdak, Thomas (1998). International Directory of Company Histories. St. James Press. p. 222. Retrieved April 21, 2023. This line debuted in 1996, the year G-III also entered into an agreement with the National Hockey League to market a line of outerwear apparel with the NHL team logos.
  33. the Associated Press (2007-02-24). "Retailers pull fur-trimmed coats after dog hair is found". Los Angeles Times. Retrieved 2017-06-13.
  34. Krithika Varagur in Subang, West Java (2017-06-13). "Revealed: reality of life working in an Ivanka Trump clothing factory | US news". The Guardian. Retrieved 2017-06-13.
  35. Arwa Mahdawi (2017-03-29). "Our self-styled feminist CEOs aren't as empowering as we thought | Arwa Mahdawi | Opinion". The Guardian. Archived from the original on 2017-06-13. Retrieved 2017-06-13.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  36. Joanna Walters (2017-05-01). "Brand Ivanka: inside the tangled empire of the president's closest ally | US news". The Guardian. Archived from the original on 2017-06-08. Retrieved 2017-06-13.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
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