NEW YORK--(BUSINESS WIRE)--
G-III Apparel Group, Ltd. (NasdaqGS:GIII) today announced the
appointment of Barbara Kennedy to the position of
President-Wholesale-Design, Merchandising and Sales of Donna Karan.
Ms. Kennedy most recently served as President of Dresses at Ralph Lauren
Corporation where she spearheaded the successful launch and development
of the Lauren by Ralph Lauren, Chaps and American Living brands. Prior
to Ralph Lauren, Ms. Kennedy served as President of Dresses at Jones
Apparel Group where she led a well-known portfolio of dress brands,
including Jones New York, Anne Klein, Nine West, Evan Picone and
Joneswear.
Morris Goldfarb, Chairman and Chief Executive Officer of G-III Apparel
Group commented, "Barbara is one of the top women's apparel executives
in our industry and we are thrilled to have her join us to lead the
development of the Donna Karan and DKNY wholesale businesses. Barbara's
strong merchandising skills, as well as her wealth of experience in the
department store channel, will be an important asset to the Donna Karan
and DKNY growth plans we have developed."
Ms. Kennedy stated, "I have always admired the Donna Karan and DKNY
brands and see enormous opportunity ahead. I look forward to working
with the G-III and Donna Karan teams to develop the full potential of
the Donna Karan and DKNY businesses."
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,
Andrew Marc, Marc New York, Bass, G.H. Bass, Weejuns, G-III Sports by
Carl Banks, Eliza J, Black Rivet and Jessica Howard. G-III has fashion
licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth
Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson, Vince Camuto,
Ivanka Trump, Ellen Tracy, Kensie, 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
Donna Karan, Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin and
Calvin Klein Performance 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, risks relating to G-III's acquisition of
Donna Karan International Inc. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117006032/en/
For G-III Apparel Group, Ltd.
Investor Relations
James
Palczynski, 203-682-8229
or
G-III Apparel Group, Ltd.
Neal
S. Nackman, 212-403-0500
Chief Financial Officer
Source: G-III Apparel Group, Ltd.
News Provided by Acquire Media
