-- Partnership Will Feature New Sport Category for DKNY Menswear --
NEW YORK--(BUSINESS WIRE)--
G-III Apparel Group, Ltd. (NASDAQ:GIII) announced today that it has
entered into a multi-year license agreement with PVH Corp. (NYSE:PVH),
under which PVH will design and distribute menswear for the DKNY brand
in the United States and Canada. The license agreement includes DKNY
Sport for Men, a new category for the brand. In addition, PVH has
licensed rights for men's sportswear, dress shirts, neckwear and jeans.
Morris Goldfarb, chairman and chief executive officer of G-III,
commented, "This collaboration is an important step in the continued
growth of DKNY and a clear example of the go-forward strategy to
heighten this iconic brand. PVH is a trusted and powerful partner and we
look forward to our continued success together."
Ken Duane, CEO of Heritage Brands and North America Wholesale for PVH
said, "DKNY is a great American brand and we are excited to have the
opportunity to build out the menswear business in the U.S. and Canada as
a complement to our existing menswear businesses."
The first collections will launch in spring 2018 and will be sold in
department stores. This agreement is the fourth partnership between
G-III and PVH. The companies have multi-year license agreements for
various product categories under PVH's CALVIN KLEIN and Tommy
Hilfiger brands and for men's sportswear under G-III's G.H. Bass
brand.
About DKNY
DKNY is one of the world's leading fashion brands. From the house
founded by Donna Karan in 1984, DKNY emerged in 1989. The company
designs, markets and distributes collections of apparel, accessories,
footwear and select licensed product with distribution in free standing
stores and select department and specialty stores globally. The label
continues to merge modern tailoring with sophisticated ease, celebrating
the aspirational and practical spirit of New York. Acquired by G-III
Apparel Group in December 2016, the company continues to be recognized
as one of the most heralded names in American fashion.
About G-III Apparel Group, Ltd.
G-III is a leading manufacturer and distributor of apparel and
accessories under licensed brands, owned brands and private label
brands. G-III's owned brands include Donna Karan, DKNY, Vilebrequin,
Eliza J, Andrew Marc, Marc New York, GH Bass, and Jessica Howard. G-III
has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl
Lagerfeld, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Ivanka Trump,
Kensie, Jessica Simpson, Levi's and Dockers brands. Through our team
sports business, G-III has licenses with the National Football League,
National Basketball Association, Major League Baseball, National Hockey
League, Hands High, Touch by Alyssa Milano and more than 100 U.S.
colleges and universities. G-III also operates retail stores under the
DKNY, Wilsons Leather, GH Bass, Vilebrequin and Calvin Klein Performance
names.
About PVH Corp.
With a history going back over 135 years, PVH has excelled at growing
brands and businesses with rich American heritages, becoming one of the
largest apparel companies in the world. We have over 35,000 associates
operating in over 40 countries and over $8 billion in annual
revenues. We own the iconic CALVIN
KLEIN, Tommy
Hilfiger, Van
Heusen, IZOD, ARROW, Speedo*, Warner's and Olga brands,
and market a variety of goods under these and other nationally and
internationally known owned and licensed brands.
*The Speedo brand is licensed for North America and the Caribbean
in perpetuity from Speedo International, Ltd.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170522005409/en/
G-III Apparel Group:
ICR, Inc.
James Palczynski, 203-682-8229
jp@icrinc.com
or
PVH
Corp.:
Dana Perlman, 212-381-3502
Treasurer and Senior Vice
President, Business Development & Investor Relations
communications@pvh.com
Source: G-III Apparel Group, Ltd.
News Provided by Acquire Media
