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G-III Apparel Group Ltd. (GIII) drives innovation in global fashion through iconic brands like DKNY, Calvin Klein, and Tommy Hilfiger. This news hub provides investors and industry professionals with authoritative updates on corporate developments shaping the apparel sector.
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G-III Apparel Group, (Nasdaq: GIII) has increased its investment in All We Wear Group (AWWG) from 12% to approximately 19%. AWWG, a premier platform for international brands, owns Pepe Jeans London, Hackett, and Façonnable, generating over $650 million in revenues across 3,500+ points of sale in 86+ countries.
As part of the partnership, AWWG becomes the official agent for DKNY, Donna Karan, and Karl Lagerfeld in Spain and Portugal. G-III plans to leverage AWWG's presence in India to expand its key brands, while AWWG will benefit from G-III's North American operations. This strategic move aligns with G-III's growth priorities and aims to accelerate international expansion of its owned brands.
G-III Apparel Group (Nasdaq: GIII) has announced a strategic partnership with All We Wear Group (AWWG), obtaining a 12% ownership stake. AWWG will act as the agent for G-III's brands DKNY, Donna Karan, and Karl Lagerfeld in Spain and Portugal. AWWG, which oversees brands like Hackett, Pepe Jeans, and Façonnable, generates $650 million in revenue across 3,500 points of sale in 86 countries. This partnership aims to expand G-III's presence in Europe and India, while AWWG will leverage G-III's North American operations to grow its brands. The collaboration promises to accelerate the European expansion of G-III's key brands and support AWWG's growth in North America.
G-III Apparel Group (NasdaqGS: GIII) reported its Q1 Fiscal 2025 results with net sales of $609.7 million, a slight increase from $606.6 million last year. Net income was $5.8 million, or $0.12 per diluted share, compared to $3.2 million and $0.07 per share in the prior year, reflecting strong performance from brands like DKNY and Karl Lagerfeld. The company raised its GAAP and Non-GAAP net income per diluted share guidance for Fiscal 2025 and invested in AWWG for European expansion. G-III also amended and upsized its ABL credit facility to $700 million, extending its maturity to 2029. Fiscal 2025 net sales are projected at $3.20 billion, with net income expected between $170.0 million and $175.0 million. For Q2 FY2025, net sales are anticipated to be around $650.0 million with net income ranging from $10.0 million to $15.0 million.
G-III Apparel Group will release its first quarter 2025 earnings on June 6, 2024, before the market opens. The management will host a conference call at 8:30 a.m. ET the same day to discuss the results, followed by a Q&A session. Investors can register for the call in advance through a provided link, which will give them a unique passcode and dial-in number. The call can also be accessed via a live audio webcast on the company's Investor Relations website. A replay will be available.
G-III Apparel Group is a global fashion leader with a diverse portfolio of over 30 brands, including DKNY, Karl Lagerfeld, Calvin Klein, and Tommy Hilfiger. The company specializes in design, sourcing, and marketing, with a strong focus on unique brand propositions and consumer touch points.
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