-- PVH to Launch Collection for Fall 2014 --
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, market, and distribute better men's
sportswear for G-III's G.H. Bass & Co. brand, primarily for department
store customers throughout North America. The collection will launch for
Fall 2014.
Morris Goldfarb, Chairman, Chief Executive Officer and President of
G-III, commented, "We are excited with our partnership with PVH. They
have market-leading expertise in men's sportswear, deep knowledge and
experience with respect to the G.H. Bass brand, and excellent customer
relationships with department stores. We believe a strong men's
sportswear line will support our efforts as we reposition the brand to
embrace its casual, outdoor inspired identity."
Geoff Barrett, President National Brand Sportswear at PVH, commented,
"We look forward to continuing to build the G.H. Bass brand with our
partners at G-III in order to fully realize the potential of the men's
sportswear opportunity at department stores in North America."
About G-III Apparel Group, Ltd.
G-III is a leading manufacturer and distributor of outerwear, dresses,
sportswear, swimwear, women's suits and women's performance wear, as
well as footwear, luggage and women's handbags, small leather goods and
cold weather accessories, under licensed brands, our own brands and
private label brands. G-III sells swimwear, resort wear and related
accessories under our own Vilebrequin brand. G-III also sells
outerwear, dresses, performance wear and handbags under our own Andrew
Marc and Marc New York brands and has licensed these brands
to select third parties in certain product categories. G-III has fashion
licenses under the Calvin Klein, Kenneth Cole, Cole Haan, Guess?,
Tommy Hilfiger, Jones New York, Jessica Simpson, Vince Camuto, Ivanka
Trump, Nine West, Ellen Tracy, Kensie, Mac & Jac, Levi's and Dockers
brands. Through our team sports business, we have licenses with the National
Football League, National Basketball Association, Major League Baseball,
National Hockey League, Touch by Alyssa Milano and more than 100
U.S. colleges and universities. Our other owned brands include Bass,
G.H. Bass, G-III Sports by Carl Banks, Eliza J, Black Rivet, Jessica
Howard and Winlit. G-III also operates retail stores under
the Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin, Calvin Klein
Performance and Andrew Marc names.
Statements concerning G-III's business outlook or future economic
performance, anticipated revenues, expenses or other financial items;
product introductions and plans and objectives related thereto; and
statements concerning assumptions made or expectations as to any future
events, conditions, performance or other matters are "forward-looking
statements" as that term is defined under the Federal Securities laws.
Forward-looking statements are subject to risks, uncertainties and
factors which include, but are not limited to, reliance on licensed
product, reliance on foreign manufacturers, risks of doing business
abroad, the current economic and credit environment, the nature of the
apparel industry, including changing customer demand and tastes,
customer concentration, seasonality, risks of operating a retail
business, customer acceptance of new products, the impact of competitive
products and pricing, dependence on existing management, possible
disruption from acquisitions and general economic conditions, as well as
other risks detailed in G-III's filings with the Securities and Exchange
Commission. G-III assumes no obligation to update the information in
this release.
Company:
Neal Nackman, Chief Financial Officer, (212) 403-0500
or
Investor
Relations:
ICR, Inc.
James R. Palczynski, (203) 682-8229
Source: G-III Apparel Group, Ltd.
News Provided by Acquire Media
