G-III closes $500M Marc Jacobs deal, Q2 income $20M

G-III Apparel Group, Ltd. (GIII) completed the previously announced acquisition of the Marc Jacobs business from LVMH on September 1, 2026, investing approximately $500 million funded with cash on hand and its revolving credit facility.

Rhea-AI Filing Summary

G-III Apparel Group, Ltd. (GIII) completed the previously announced acquisition of the Marc Jacobs business from LVMH on September 1, 2026, investing approximately $500 million funded with cash on hand and its revolving credit facility. A 50/50 joint venture with WHP Global now owns the Marc Jacobs intellectual property, and G-III operates the business under a long-term license initially running through December 2041 with multiple automatic 5‑year renewals.

For the second quarter of fiscal 2027, net sales fell about 10% to $554.1 million, but gross margin expanded to 45.2% from 40.8%, and GAAP net income rose to $20.2 million (diluted EPS $0.46) from $10.9 million ($0.25). Cash was $529.2 million with total debt of only $7.8 million.

For fiscal 2027, G-III forecasts net sales of about $2.71 billion versus $2.96 billion in 2026, but GAAP net income of $181–185 million (EPS $4.10–$4.20) versus $67.4 million ($1.51). Non-GAAP EPS is guided to $2.20–$2.30, below $2.61 in 2026, and adjusted EBITDA to $174–178 million versus $192.4 million. The Marc Jacobs deal is expected to be slightly dilutive in fiscal 2027 and during the first 12 months after closing.

Positive

• Completed Marc Jacobs acquisition and JV with WHP Global, giving G‑III 50% ownership of the Marc Jacobs intellectual property and full control of operating the business under a long-term license, enhancing its owned-brand portfolio.
• Q2 2027 GAAP profitability improved: net income rose to $20.2 million from $10.9 million and diluted EPS to $0.46 from $0.25, supported by a 440 bps gross margin expansion to 45.2%.
• Strong balance sheet with $529.2 million in cash and cash equivalents and only $7.8 million of total debt as of July 31, 2026, providing financial flexibility after the Marc Jacobs investment.
• Fiscal 2027 GAAP earnings guidance raised sharply: net income of $181–185 million (EPS $4.10–$4.20) versus prior-year GAAP net income of $67.4 million (EPS $1.51).

Negative

• Revenue declines: Q2 2027 net sales fell about 10% to $554.1 million year over year, and fiscal 2027 net sales are guided to $2.71 billion, down from $2.96 billion, reflecting loss of approximately $460 million of Calvin Klein and Tommy Hilfiger sales.
• Underlying earnings metrics soften: fiscal 2027 non-GAAP net income is guided to $97–101 million (EPS $2.20–$2.30), below fiscal 2026 non-GAAP net income of $116.2 million (EPS $2.61), and adjusted EBITDA is guided to $174–178 million versus $192.4 million.
• Marc Jacobs acquisition initially dilutive: the company states the deal will be slightly dilutive in fiscal 2027 and during the first 12 months after closing, with accretion expected only thereafter.
• Weaker Q3 outlook: third‑quarter fiscal 2027 net sales are expected at about $870 million versus $988.6 million last year, and GAAP diluted EPS at $1.35–$1.45 versus $1.84 (non‑GAAP $1.90) in the prior‑year quarter.

Filing Explained

The Marc Jacobs joint venture has shared ownership but an initial board majority for WHP, with key decisions requiring both members’ approval.

The September 1, 2026 closing is complete, and the post-closing joint venture initially gives WHP three of five managers versus two for G-III, while both members retain 50% ownership.

Amendments, mergers, acquisitions, dispositions, debt above specified thresholds, related-party transactions and other listed matters require approval from both members while they retain specified ownership percentages.

Neither member generally may transfer its units before the third anniversary of closing; afterward, transfers remain subject to the other member’s right of first offer and tag-along right.

G-III guaranteed Marc Jacobs International’s and its subsidiaries’ payment and indemnification obligations under the transition services agreement, and the company intends to file transaction financial statements and pro forma information in an amendment no later than 71 calendar days after the filing’s required filing date.

8-K Event Classification

5 items: 1.01, 2.01, 2.02, 7.01, 9.01

5 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Q2 2027 net sales: $554.1 million Q2 2027 gross margin: 45.2% Q2 2027 GAAP net income: $20.2 million +5 more

8 metrics

Q2 2027 net sales $554.1 million Quarter ended July 31, 2026, versus $613.3 million a year earlier

Q2 2027 gross margin 45.2% Up from 40.8% in the prior-year quarter

Q2 2027 GAAP net income $20.2 million Quarter ended July 31, 2026, versus $10.9 million a year earlier

Cash and cash equivalents $529.2 million As of July 31, 2026; compared with $301.8 million a year earlier

Total debt $7.8 million As of July 31, 2026; down from $15.5 million a year earlier

Fiscal 2027 net sales guidance $2.71 billion Expected for year ending January 31, 2027; versus $2.96 billion in fiscal 2026

Fiscal 2027 GAAP EPS guidance $4.10–$4.20 Compared with GAAP diluted EPS of $1.51 in fiscal 2026

Fiscal 2027 adjusted EBITDA guidance $174–178 million Forecast versus adjusted EBITDA of $192.4 million in fiscal 2026

Key Terms

Transition Services Agreement, License Agreement, Adjusted EBITDA, non-GAAP net income, +1 more

5 terms

Transition Services Agreement regulatory

"entered into a Transition Services Agreement (the “TSA”), pursuant to which"

A transition services agreement is a formal arrangement where one company continues to provide essential services—such as IT, human resources, or accounting—to another company after a business deal or change in ownership. It acts like a temporary bridge, ensuring smooth operations during a transition period. For investors, it provides clarity on how long support will last and helps assess potential costs and stability during the change.

License Agreement regulatory

"entered into a License Agreement (the “License Agreement”), pursuant to which"

A license agreement is a contract where the owner of intellectual property, technology, a brand, or other rights gives another party permission to use those assets under specified conditions, usually for fees, royalties or other payments. For investors it matters because such deals create or limit predictable revenue streams, affect profit margins, transfer legal and commercial risk, and can determine how quickly a company can grow — like renting out a patented tool to earn steady income while keeping ownership.

Adjusted EBITDA financial

"Adjusted EBITDA is expected to be between $174.0 million and $178.0 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP net income financial

"Non-GAAP net income is expected to be between $97.0 million and $101.0 million"

Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.

IEEPA tariff refund regulatory

"benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA"

A IEEPA tariff refund is the repayment of customs duties or import tariffs that were originally charged under trade measures enacted using the International Emergency Economic Powers Act (IEEPA). It matters to investors because getting a refund is like reclaiming a past expense: it can increase a company’s cash or reduce its reported cost of goods, and may signal changing government trade policy or successful legal or administrative challenges to the tariffs.

Earnings Snapshot

Net sales: $554.1 million · Guidance included

Quarter ended July 31, 2026

Net sales $554.1 million down from $613.3 million a year earlier

Gross margin 45.2% up from 40.8% a year earlier

GAAP net income $20.2 million up from $10.9 million a year earlier

GAAP diluted EPS $0.46 up from $0.25 a year earlier

Non-GAAP diluted EPS $0.26 slightly above $0.25 a year earlier

Guidance

For fiscal 2027, G-III guides to net sales of about $2.71 billion, GAAP EPS of $4.10–$4.20, non-GAAP EPS of $2.20–$2.30, and adjusted EBITDA of $174–178 million; Q3 2027 net sales are expected at about $870 million with GAAP EPS of $1.35–$1.45.

FAQ

How much did GIII invest to acquire the Marc Jacobs business?

G-III invested approximately $500 million to acquire the Marc Jacobs business, funded with cash on hand and borrowings under its revolving credit facility. The Marc Jacobs intellectual property sits in a 50/50 joint venture with WHP Global, while G‑III operates the business under a long-term license.

How did GIII perform in the second quarter of fiscal 2027?

In Q2 fiscal 2027, G-III reported $554.1 million in net sales, down from $613.3 million, but expanded gross margin to 45.2% from 40.8%. GAAP net income increased to $20.2 million, or $0.46 per diluted share, compared with $10.9 million, or $0.25, a year earlier.

What is GIII’s fiscal 2027 guidance for revenue and earnings?

For fiscal 2027, G-III expects net sales of approximately $2.71 billion, GAAP net income of $181–185 million (diluted EPS $4.10–$4.20), and non-GAAP net income of $97–101 million (EPS $2.20–$2.30). This incorporates the loss of about $460 million of Calvin Klein and Tommy Hilfiger sales.

How will the Marc Jacobs acquisition affect GIII’s earnings in fiscal 2027?

G-III states that the Marc Jacobs acquisition is expected to be slightly dilutive to fiscal 2027 results and dilutive during the first 12 months after closing, with accretion expected thereafter. The fiscal 2027 outlook provided does not include any impact from the acquisition.

What is GIII’s financial position after the quarter and the Marc Jacobs deal?

As of July 31, 2026, G-III reported $529.2 million in cash and cash equivalents, $984.2 million in working capital, inventories of $555.0 million, total assets of $2.75 billion, total debt of $7.8 million, and stockholders’ equity of $1.82 billion.

What are GIII’s expectations for third quarter fiscal 2027?

For Q3 fiscal 2027, G-III expects net sales of about $870 million, GAAP net income of $59–64 million, and diluted EPS of $1.35–$1.45. This compares to prior-year Q3 net sales of $988.6 million and GAAP diluted EPS of $1.84 (non-GAAP $1.90).

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/02/2026 - 07:30 AM Accepted by SEC EDGAR 09/02/2026 - 07:30 AM Learn about SEC filing dates

false 0000821002 G III APPAREL GROUP LTD /DE/ 0000821002 2026-09-01 2026-09-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): September 2, 2026 (September 1, 2026)

G-III APPAREL GROUP, LTD.

(Exact name of registrant as specified in its charter)

Delaware		0-18183		41-1590959
(State or Other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

512 Seventh Avenue New York, NY		10018
(Address of Principal Executive Offices)		(Zip Code)

(212) 403-0500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, $0.01 par value per share		GIII		The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

This Current Report on Form 8-K is being filed by G-III Apparel Group, Ltd. (the “Company”) in connection with the completion of the previously announced acquisition of the Marc Jacobs business from LVMH Moet Hennessy Louis Vuitton Inc. and its affiliates (“LVMH”) as of September 1, 2026 (the “Closing Date”).

As described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 14, 2026, the transaction was structured such that (i) MJ Topco, LLC (“IPCo”), a newly formed joint venture between a subsidiary of the Company and an affiliate of WHP Global (“WHP”), acquired all of the issued and outstanding units of Marc Jacobs Holdings, LLC through a wholly owned indirect subsidiary, Majestic AcqCo, LLC (“Purchaser”), (ii) following such acquisition, the Company acquired the Marc Jacobs operating business through its subsidiaries, and (iii) IPCo retained the Marc Jacobs intellectual property and certain other retained assets (collectively, the “Transactions”). The Company funded its approximately $500 million investment using cash on hand and borrowings under its revolving credit facility. The Company will operate the business pursuant to a license from IPCo.

Item 1.01 Entry into a Material Definitive Agreement.

Transition Services Agreement

On the Closing Date, Marc Jacobs International, L.L.C. (“Marc Jacobs International”), LVMH and, solely for guaranty purposes, Purchaser, WH Borrower, LLC (“Purchaser Parent”) and the Company entered into a Transition Services Agreement (the “TSA”), pursuant to which, following Closing, LVMH and/or third-party providers will provide certain transition services to Marc Jacobs International and its subsidiaries. Pursuant to the TSA, the Company guaranteed the due, prompt and full performance by Marc Jacobs International and its subsidiaries of all of their payment and indemnification obligations arising under the TSA.

License Agreement

On the Closing Date, IPCo, G-III Leather Fashions, Inc. and G-III Apparel Canada, ULC (together with G-III Leather Fashions, Inc., the “Licensee”), entered into a License Agreement (the “License Agreement”), pursuant to which IPCo granted an exclusive license to the Licensee to use the Marc Jacobs brands and related intellectual property held by IPCo, as well as certain other intellectual property rights developed in the future in the United States, Canada, Mexico and Western Europe for the operation of Marc Jacobs-branded retail stores and branded e-commerce sites and the distribution, sale and promotion of specified categories of products, including women’s and men’s apparel, handbags, footwear, swim, small leather goods, luggage and cold weather accessories (through wholesale, branded retail stores and branded e-commerce sites). The Licensee will also provide certain services to IPCo’s other licensees, distributors and franchisees, including information related to research and development, designs and packaging and will assist IPCo in overseeing compliance with the Marc Jacobs brand guidelines by such third parties.

The initial term of the License Agreement is from the Closing Date through December 2041, and the License Agreement automatically renews for 10 successive periods of 5 years each (unless the Licensee provides notice of non-renewal at least 18 months prior to the end of the initial or applicable renewal term). The License Agreement is terminable by IPCo if the Licensee breaches its obligation to make required payments or otherwise materially breaches the License Agreement, in each case subject to an opportunity to cure such breach within a specified period of time.

Amended and Restated Operating Agreement

On the Closing Date, G-III Investments, Inc. (the “G-III Member”) and MJWHP, LLC, a Delaware limited liability company (“WHP Member”), entered into the Amended and Restated Operating Agreement of IPCo (the “A&R Operating Agreement”), pursuant to which IPCo will have a single class of membership interests (the “Units”), with the G-III Member owning 50% of the Units and the WHP Member owning 50% of the Units.

IPCo will be governed by a board of managers initially consisting of five managers, with two managers appointed by the G-III Member and three managers appointed by the WHP Member, which is subject to change in the future based on the relative ownership percentages of the G-III Member and the WHP Member in IPCo, and other

circumstances provided in the A&R Operating Agreement. Certain decisions (including amendments to the A&R Operating Agreement, mergers, acquisitions, dispositions, incurrence of indebtedness above certain thresholds, related party transactions and bankruptcy) require approval of both members for so long as they continue to own certain ownership percentages.

Pursuant to the A&R Operating Agreement, the G-III Member and the WHP Member generally may not transfer their Units prior to the third anniversary of the Closing Date (other than to permitted transferees or with the prior written consent of the other member). After the third anniversary of the Closing Date, each party may transfer its respective Units but subject to a right of first offer and tag along right in favor of the other parties.

The foregoing description of the A&R Operating Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the A&R Operating Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.

On the Closing Date, pursuant to the Unit Purchase Agreement, dated as of May 14, 2026 (the “Unit Purchase Agreement”), by and among Purchaser, the owners of all of the issued and outstanding units of Marc Jacobs Holdings, LLC (collectively, the “Sellers”) and, solely for specified sections, Purchaser Parent, Purchaser completed the acquisition of all of such units from the Sellers. Immediately following the closing under the Unit Purchase Agreement and the completion of a related pre-closing restructuring, and pursuant to the Equity Purchase and Distribution Agreement, dated as of May 14, 2026 (the “Equity Purchase and Distribution Agreement”), by and among G-III Leather Fashions, Inc. (“G-III Buyer”), IPCo, Majestic Parent, LLC (“MJ Buyer Parent”) and, solely for specified sections, Purchaser Parent and the Company, G-III Buyer purchased from IPCo all of the equity interests of MJ Buyer Parent, which holds the Marc Jacobs operating business (excluding the Marc Jacobs intellectual property, certain employment agreements and certain liabilities in China and Japan retained by IPCo), such that the Company acquired the Marc Jacobs operating business through its subsidiaries. IPCo retained the Marc Jacobs intellectual property and certain other retained assets and liabilities.

Item 2.02 Results of Operations and Financial Condition.

On September 2, 2026, the Company announced its results of operations for the second fiscal quarter ended July 31, 2026. A copy of the press release issued by the Company relating thereto is furnished herewith as Exhibit 99.1.

The foregoing (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

Item 7.01 Regulation FD Disclosure.

Market Communications

On the Closing Date, the Company issued a press release announcing the completion of the Transactions, a copy of which is furnished herewith as Exhibit 99.2 and incorporated by reference herein.

The foregoing (including Exhibit 99.2) is being furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Exchange Act, or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, 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, (i) risks relating to the ability to realize the anticipated benefits of the

Transactions; (ii) risks relating to significant costs related to the Transactions; (iii) the expected financial and operating performance and future opportunities following the consummation of the Transactions; (iv) risks relating to the reliance on licensed product; (v) reliance on foreign manufacturers; (vi) risk of doing business abroad; (vii) the current economic and credit environment risks; (viii) the nature of the apparel industry, including changing customer demand and tastes; (ix) risks of operating a retail business; (x) customer concentration; (xi) seasonality; (xii) customer acceptance of new products; (xiii) the impact of competitive products and pricing; (xiv) dependence on existing management; (xv) possible disruption from acquisitions, 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 Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

The Company intends to file financial statements required by this Item 9.01(a) with respect to the Transactions under the cover of an amendment to this Current Report on Form 8-K no later than 71 calendar days after the date on which this Current Report on Form 8-K was required to be filed.

(b) Pro Forma Financial Information.

The Company intends to file pro forma financial information required by this Item 9.01(b) with respect to the Transactions under the cover of an amendment to this Current Report on Form 8-K no later than 71 calendar days after the date on which this Current Report on Form 8-K was required to be filed.

 (d) Exhibits.

Exhibit No.		Document Description
10.1*		Amended and Restated Operating Agreement of MJ Topco, LLC, dated as of September 1, 2026, by and among MJ Topco, LLC, MJWHP, LLC and G-III Investments, Inc.
99.1		Press Release, dated September 2, 2026, relating to the Company’s second quarter fiscal 2027 results.
99.2		Press Release, dated September 1, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Schedules and/or exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedules and/or exhibits to the SEC on a confidential basis upon request.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	G-III APPAREL GROUP, LTD.
Date: September 2, 2026	By:	/s/ Neal S. Nackman
	Name:	Neal S. Nackman
	Title:	Chief Financial Officer

Exhibit 99.1

G-III APPAREL GROUP, LTD.

G-III APPAREL GROUP, LTD. REPORTS SECOND QUARTER FISCAL 2027 RESULTS AND RAISES EARNINGS GUIDANCE

· Second Quarter GAAP and Non-GAAP Net Income Per Diluted Share Exceed Guidance

· Net Income Per Diluted Share of $0.46 Compared to $0.25 Last Year

· Non-GAAP Net Income Per Diluted Share of $0.26 Compared to $0.25 Last Year

· Net Sales of $554.1 Million Compared to $613.3 Million Last Year

· Go-Forward Portfolio Sales Up High-Single Digits

· Raises GAAP and Non-GAAP Net Income Guidance for Fiscal 2027, Excluding Marc Jacobs

· Completes Marc Jacobs Acquisition; Targets $1 Billion in Long-Term Annual Revenue

New York, New York – September 2, 2026 – G-III Apparel Group, Ltd. (NasdaqGS: GIII) (“G-III” or the “Company”) today reported results for the second quarter of fiscal year 2027, ended July 31, 2026.

Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “Our second quarter results reflect strong execution across the organization, with earnings exceeding our guidance, driven by substantial gross margin expansion. Our go-forward portfolio grew at a high-single digit rate during the quarter, reinforcing our confidence in the power of our brands and business model.”

Mr. Goldfarb continued, “Our strategic transformation has taken a meaningful step forward with the addition of Marc Jacobs. The acquisition significantly strengthens our portfolio and further enhances our position as a global fashion leader. I am extremely optimistic about the future of G-III and believe we have the brands, capabilities, and financial flexibility to capitalize on the opportunities ahead and create long-term value for our shareholders.”

Results of Operations

Second Quarter Fiscal 2027

Net sales for the second quarter ended July 31, 2026 decreased 10% to $554.1 million compared to $613.3 million in the prior year’s quarter.

Gross margin increased 440 basis points to 45.2% compared to 40.8% in the second quarter of last year. This improvement reflects price increases as well as the continued mix shift toward higher-margin owned brands.

Net income for the second quarter ended July 31, 2026 was $20.2 million, or $0.46 per diluted share, compared to $10.9 million, or $0.25 per diluted share, in the same period last year.

Non-GAAP net income per diluted share for the second quarter ended July 31, 2026 was $0.26 per diluted share, compared to $0.25 per diluted share, in the same period last year.

Balance Sheet as of Second Quarter Fiscal 2027

Cash and cash equivalents were $529.2 million compared to $301.8 million last year.

1

Inventories decreased 13% to $555.0 million this year compared to $639.8 million last year.

Capital return to shareholders of $12.2 million consisting of $7.9 million of share repurchases and $4.3 million in dividend payments.

Outlook

The Company today updated its outlook for the fiscal year ending January 31, 2027 and provided its outlook for the third quarter ending October 31, 2026. The Company’s updated guidance assumes that tariffs for the remainder of the year will approximate current rates.

The Company’s outlook does not include any impact related to the Marc Jacobs acquisition, and it expects to provide more specific guidance when it reports third quarter earnings. The Company believes the acquisition will be slightly dilutive in fiscal 2027.

As previously disclosed, the transaction is expected to be dilutive during the first 12 months after closing, with accretion expected thereafter.

Fiscal 2027

Net sales for fiscal 2027 are expected to be approximately $2.71 billion, which incorporates the loss of approximately $460 million of sales from Calvin Klein and Tommy Hilfiger products. This compares to net sales of $2.96 billion for fiscal 2026.

Net income is expected to be between $181.0 million and $185.0 million, or diluted earnings per share between $4.10 and $4.20. This compares to net income of $67.4 million, or $1.51 per diluted share for fiscal 2026.

Non-GAAP net income is expected to be between $97.0 million and $101.0 million, or diluted earnings per share between $2.20 and $2.30. This compares to non-GAAP net income of $116.2 million, or diluted earnings per share of $2.61 for fiscal 2026.

Adjusted EBITDA is expected to be between $174.0 million and $178.0 million compared to adjusted EBITDA of $192.4 million in fiscal 2026.

Net interest income is expected to be approximately $8.0 million for GAAP purposes and $5.0 million for non-GAAP purposes.

Tax rates are estimated to be approximately 25.2% for GAAP purposes and 32.2% for non-GAAP purposes.

Third Quarter Fiscal 2027

Net sales for the third quarter of fiscal 2027 are expected to be approximately $870.0 million. This compares to net sales of $988.6 million in last year’s third quarter.

Net income for the third quarter of fiscal 2027 is expected to be between $59.0 million and $64.0 million, or diluted earnings per share between $1.35 and $1.45. This compares to GAAP net income of $80.6 million, or $1.84 per diluted share, and non-GAAP net income of $83.4 million, or $1.90 per diluted share in last year’s third quarter.

2

Conference Call Information

The Company will host a conference call to discuss its second quarter results at 8:30 a.m. ET today. To participate via telephone, please register in advance at this link: https://ir.g-iii.com. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. While registration is open through the live call, the Company suggests registering at a minimum of 10 minutes before the start of the call. The call can also be accessed via a live audio webcast at https://ir.g-iii.com. A replay of the conference call will be available using the same link, as well as on the Company’s Investor Relations website.

Non-GAAP Financial Measures

Reconciliations of GAAP gross profit to non-GAAP gross profit, GAAP net income to non-GAAP net income, GAAP net income per diluted share to non-GAAP net income per diluted share and GAAP net income to adjusted EBITDA are presented in tables accompanying the financial statements included in this release and provide useful information to evaluate the Company’s operational performance. A description of the amounts excluded on a non-GAAP basis is provided in conjunction with these tables. Non-GAAP gross profit, non-GAAP net income, non-GAAP net income per diluted share and adjusted EBITDA should be evaluated in light of the Company’s financial statements prepared in accordance with GAAP.

About G-III Apparel Group, Ltd.

G-III Apparel Group, Ltd. is a global fashion leader with expertise in design, sourcing, distribution, and marketing. The Company owns and licenses a portfolio of more than 30 preeminent brands, each differentiated by unique brand propositions, product categories, and consumer touchpoints. G-III owns ten iconic brands, including Marc Jacobs, DKNY, Donna Karan, Karl Lagerfeld, Sonia Rykiel, and Vilebrequin, and licenses over 20 of the most sought-after names in global fashion, including Levi’s, Halston, Champion, Converse, Cole Haan, BCBG, French Connection, Calvin Klein, Tommy Hilfiger, Starter, as well as major sports leagues such as the NFL, NBA, NHL and MLB, among others.

Statements concerning G-III's expectations regarding future events 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, risks relating to the ability to realize the anticipated benefits of the acquisition of the Marc Jacobs business (the "Acquisition"), risks relating to significant costs related to the Acquisition, the expected financial and operating performance and future opportunities following the consummation of the Acquisition, the ability to achieve long-term revenue and growth targets for the acquired Marc Jacobs business, risks related to the reliance on licensed product, risks relating to G-III’s ability to increase revenues from sales of its other products, new acquired businesses or new license agreements as licenses for Calvin Klein and Tommy Hilfiger product expire on a staggered basis, reliance on foreign manufacturers, risks of doing business abroad, supply chain disruptions, risks related to acts of terrorism and the effects of war, the current economic and credit environment risks related to our indebtedness, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, risks related to G-III’s ability to reduce the losses incurred in its retail operations, customer acceptance of new products, the impact of competitive

3

products and pricing, dependence on existing management, possible disruption from acquisitions, the impact on G-III’s business of the imposition of tariffs by the United States government and business and general economic conditions, including inflation and higher interest rates, 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.

4

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

(Nasdaq: GIII)

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)

		Three Months Ended July 31,								Six Months Ended July 31,
		2026				2025				2026				2025
		(Unaudited)
Net sales		$	554,093			$	613,266			$	1,090,055			$	1,196,875
Cost of goods sold			303,712				362,795				491,928				699,860
Gross profit			250,381				250,471				598,127				497,015
Selling, general and administrative expenses			231,354				226,845				486,677				458,340
Depreciation and amortization			8,195				7,326				15,383				13,899
Operating profit			10,832				16,300				96,067				24,776
Other income (loss)			(2,708	)			(707	)			(3,510	)			2,755
Interest and financing charges, net			5,966				304				7,140				(157	)
Income before income taxes			14,090				15,897				99,697				27,374
Income tax expense (benefit)			(6,123	)			4,958				12,950				8,676
Net income		$	20,213			$	10,939			$	86,747			$	18,698
Net income per common share:
Basic		$	0.48			$	0.26			$	2.05			$	0.43
Diluted		$	0.46			$	0.25			$	1.95			$	0.42
Weighted average shares outstanding:
Basic			42,399				42,777				42,296				43,254
Diluted			44,338				44,219				44,377				44,795

Selected Balance Sheet Data (in thousands):		As of July 31,
		2026				2025
		(Unaudited)
Cash and cash equivalents		$	529,190			$	301,778
Working capital			984,231				812,675
Inventories			555,024				639,756
Total assets			2,751,847				2,690,981
Total debt			7,835				15,481
Operating lease liabilities			333,004				280,295
Total stockholders' equity			1,819,114				1,708,521

5

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT

		Three Months Ended July 31,								Six Months Ended July 31,
		2026				2025				2026				2025
		(In thousands, unaudited)
GAAP gross profit		$	250,381			$	250,471			$	598,127			$	497,015
Excluded from non-GAAP:
IEEPA tariff refund			(122	)			—				(102,803	)			—
Non-GAAP gross profit, as defined		$	250,259			$	250,471			$	495,324			$	497,015

		Three Months Ended July 31,								Six Months Ended July 31,
		2026				2025				2026				2025
		(Unaudited)
GAAP gross profit percentage			45.2	%			40.8	%			54.9	%			41.5	%
Excluded from non-GAAP:
IEEPA tariff refund			—				—				(9.5	)			—
Non-GAAP gross profit percentage, as defined			45.2	%			40.8	%			45.4	%			41.5	%

Non-GAAP gross profit and gross profit percentage are “non-GAAP financial measures” that exclude in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

6

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME

(In thousands)

		Three Months Ended								Six Months Ended
		July 31, 2026				July 31, 2025				July 31, 2026				July 31, 2025
		(Unaudited)
GAAP net income		$	20,213			$	10,939			$	86,747			$	18,698
Excluded from non-GAAP:
IEEPA tariff refund			(122	)			—				(102,803	)			—
Interest income on IEEPA tariff refund			(3,085	)			—				(3,085	)			—
Expenses related to Marc Jacobs acquisition			4,032				—				7,432				—
One-time warehouse related severance expenses			—				349				—				1,327
Income tax impact of non-GAAP adjustments			(211	)			(108	)			23,796				(420	)
Tax benefit from release of valuation allowance			(9,334	)			—				(9,334	)			—
Non-GAAP net income, as defined		$	11,493			$	11,180			$	2,753			$	19,605

Non-GAAP net income is a “non-GAAP financial measure” that excludes (i) in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold, (ii) in fiscal 2027, interest income received from the IEEPA tariff refund, (iii) in fiscal 2027, expenses related to the Marc Jacobs acquisition primarily related to professional fees, (iv) in fiscal 2026, one-time severance expenses related to a closed warehouse and (v) in fiscal 2027, the tax benefit recognized from the release of a valuation allowance related to prior year impairments that have been determined to be deductible for tax purposes. For fiscal 2027, the income tax impact of non-GAAP adjustments, excluding the tax benefit from the release of a valuation allowance, is calculated using the applicable statutory tax rate for the respective period. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

7

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF GAAP DILUTED NET INCOME PER SHARE TO NON-GAAP DILUTED

NET INCOME PER SHARE

		Three Months Ended								Six Months Ended
		July 31, 2026				July 31, 2025				July 31, 2026				July 31, 2025
		(Unaudited)
GAAP diluted net income per common share		$	0.46			$	0.25			$	1.95			$	0.42
Excluded from non-GAAP:
IEEPA tariff refund			—				—				(2.32	)			—
Interest income on IEEPA tariff refund			(0.07	)			—				(0.07	)			—
Expenses related to Marc Jacobs acquisition			0.09				—				0.17				—
One-time warehouse related severance expenses			—				—				—				0.03
Income tax impact of non-GAAP adjustments			—				—				0.54				(0.01	)
Tax benefit from release of valuation allowance			(0.22	)			—				(0.21	)			—
Non-GAAP diluted net income per common share, as defined		$	0.26			$	0.25			$	0.06			$	0.44

Non-GAAP diluted net income per common share is a “non-GAAP financial measure” that excludes (i) in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold, (ii) in fiscal 2027, interest income received from the IEEPA tariff refund, (iii) in fiscal 2027, expenses related to the Marc Jacobs acquisition primarily related to professional fees, (iv) in fiscal 2026, one-time severance expenses related to a closed warehouse and (v) in fiscal 2027, the tax benefit recognized from the release of a valuation allowance related to prior year impairments that have been determined to be deductible for tax purposes. For fiscal 2027, the income tax impact of non-GAAP adjustments, excluding the tax benefit from the release of a valuation allowance, is calculated using the applicable statutory tax rate for the respective period. For fiscal 2026, the income tax impact of non-GAAP adjustments is calculated using the effective tax rate for the period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

8

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA

(In thousands)

		Three Months Ended								Forecasted Twelve Months Ending				Actual Twelve Months Ended
		July 31, 2026				July 31, 2025				January 31, 2027				January 31, 2026
		(Unaudited)
Net income		$	20,213			$	10,939			$	181,000 - 185,000			$	67,353
IEEPA tariff refund			(122	)			—				(102,803	)			—
Expenses related to Marc Jacobs acquisition			4,032				—				7,432				—
Asset impairments			—				—				—				48,565
Strategic opportunity related professional fees			—				—				—				2,282
One-time warehouse related severance expenses			—				349				—				1,327
Depreciation and amortization			8,195				7,326				34,900				29,016
Interest and financing charges, net			(5,966	)			(304	)			(8,200	)			508
Income tax expense (benefit)			(6,123	)			4,958				61,671				43,316
Adjusted EBITDA, as defined		$	20,229			$	23,268			$	174,000 - 178,000			$	192,367

Adjusted EBITDA is a “non-GAAP financial measure” which represents earnings before depreciation and amortization, interest and financing charges, net and income tax expense (benefit) and excludes (i) in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold, (ii) in fiscal 2027, expenses related to the Marc Jacobs acquisition primarily related to professional fees, (iii) in fiscal 2026, asset impairments, (iv) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition and (v) in fiscal 2026, one-time severance expenses related to a closed warehouse. Adjusted EBITDA is being presented as a supplemental disclosure because management believes that it is a common measure of operating performance in the apparel industry. Adjusted EBITDA should not be construed as an alternative to net income, as an indicator of the Company’s operating performance, or as an alternative to cash flows from operating activities as a measure of the Company’s liquidity, as determined in accordance with GAAP.

9

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF FORECASTED AND ACTUAL GAAP NET INCOME TO FORECASTED AND ACTUAL

NON-GAAP NET INCOME

(In thousands)

		Forecasted Three				Actual Three				Forecasted Twelve				Actual Twelve
		Months Ending				Months Ended				Months Ending				Months Ended
		October 31, 2026				October 31, 2025				January 31, 2027				January 31, 2026
		(Unaudited)
Net income		$	59,000 - 64,000			$	80,593			$	181,000 - 185,000			$	67,353
Excluded from non-GAAP:
IEEPA tariff refund			—				—				(102,803	)			—
Interest income on IEEPA tariff refund			—				—				(3,085	)			—
Expenses related to Marc Jacobs acquisition			—				—				7,432				—
Asset impairments			—				1,607				—				48,565
Strategic opportunity related professional fees			—				2,365				—				2,282
One-time warehouse related severance expenses			—				—				—				1,327
Income tax impact of non-GAAP adjustments			—				(1,151	)			23,790				(3,301	)
Tax benefit from release of valuation allowance			—				—				(9,334	)			—
Non-GAAP net income, as defined		$	59,000 - 64,000			$	83,414			$	97,000 - 101,000			$	116,226

Non-GAAP net income is a “non-GAAP financial measure” that excludes (i) in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold, (ii) in fiscal 2027, interest income received from the IEEPA tariff refund, (iii) in fiscal 2027, expenses related to the Marc Jacobs acquisition primarily related to professional fees, (iv) in fiscal 2026, asset impairments, (v) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition, (vi) in fiscal 2026, one-time severance expenses related to a closed warehouse and (vii) in fiscal 2027, the tax benefit recognized from the release of a valuation allowance related to prior year impairments that have been determined to be deductible for tax purposes. The income tax impact of non-GAAP adjustments, excluding the tax benefit from the release of a valuation allowance, is calculated using the applicable statutory tax rate for the respective period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

10

G-III APPAREL GROUP, LTD. AND SUBSIDIARIES

RECONCILIATION OF FORECASTED AND ACTUAL GAAP DILUTED NET INCOME PER SHARE

TO FORECASTED AND ACTUAL NON-GAAP DILUTED NET INCOME PER SHARE

		Forecasted Three				Actual Three				Forecasted Twelve				Actual Twelve
		Months Ending				Months Ended				Months Ending				Months Ended
		October 31, 2026				October 31, 2025				January 31, 2027				January 31, 2026
		(Unaudited)
GAAP diluted net income per common share		$	1.35 - 1.45			$	1.84			$	4.10 - 4.20			$	1.51
Excluded from non-GAAP:
IEEPA tariff refund			—				—				(2.33	)			—
Interest income on IEEPA tariff refund			—				—				(0.07	)			—
Expenses related to Marc Jacobs acquisition			—				—				0.17				—
Asset impairments			—				0.04				—				1.09
Strategic opportunity related professional fees			—				0.05				—				0.05
One-time warehouse related severance expenses			—				—				—				0.03
Income tax impact of non-GAAP adjustments			—				(0.03	)			0.54				(0.07	)
Tax benefit from release of valuation allowance			—				—				(0.21	)			—
Non-GAAP diluted net income per common share, as defined		$	1.35 - 1.45			$	1.90			$	2.20 - 2.30			$	2.61

Non-GAAP diluted net income per common share is a “non-GAAP financial measure” that excludes (i) in fiscal 2027, the benefit recognized in connection with the recovery of previously incurred tariffs imposed under the IEEPA on inventory sold in the prior year included in cost of goods sold, (ii) in fiscal 2027, interest income received from the IEEPA tariff refund, (iii) in fiscal 2027, expenses related to the Marc Jacobs acquisition primarily related to professional fees, (iv) in fiscal 2026, asset impairments, (v) in fiscal 2026, professional fees related to a potential strategic opportunity that did not come to fruition, (vi) in fiscal 2026, one-time severance expenses related to a closed warehouse and (vii) in fiscal 2027, the tax benefit recognized from the release of a valuation allowance related to prior year impairments that have been determined to be deductible for tax purposes. The income tax impact of non-GAAP adjustments, excluding the tax benefit from the release of a valuation allowance, is calculated using the applicable statutory tax rate for the respective period. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding items that are not indicative of our core business operating results. Management uses these non-GAAP financial measures to assess our performance on a comparative basis and believes that they are also useful to investors to enable them to assess our performance on a comparative basis across historical periods and facilitate comparisons of our operating results to those of our competitors. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

G-III Apparel Group, Ltd.

Investor Relations Contact:

Nick Bacchus

SVP of Investor Relations and Treasurer

IR@g-iii.com

11

EXHIBIT 99.2 

WHP GLOBAL AND G-III APPAREL GROUP COMPLETE ACQUISITION OF MARC JACOBS

NEW YORK, NY — September 1, 2026 — WHP Global and G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced the closing of the acquisition of the Marc Jacobs brand from LVMH. Concurrently, WHP Global and G-III formed their previously announced joint venture (“JV”) to co-own the Marc Jacobs intellectual property and accelerate the global growth of one of fashion’s most influential brands. At closing, G-III also acquired the Marc Jacobs operating business and entered into a long-term license with the JV.

The new JV is co-owned by WHP Global and G-III, with each party owning a 50% equity stake. WHP Global leads the JV, including global brand licensing, while G-III owns and leads the operating business including wholesale, retail and e-commerce, and provides support services to the JV. Marc Jacobs will continue in his role as Founder and Creative Director, ensuring continuity of the brand’s creative vision, runway collections and fashion shows. Together, WHP Global, G-III and Marc Jacobs are focused on expanding the Marc Jacobs brand’s global reach and unlocking new opportunities across markets and product categories.

“Marc Jacobs is a defining name in fashion, with powerful cultural relevance and global growth potential,” said Yehuda Shmidman, Founder, Chairman and CEO of WHP Global. “We want to thank LVMH for its stewardship of this brand over nearly three decades and for being a trusted partner throughout this process. Together with G-III, we have created a powerful platform that combines best-in-class brand management with exceptional operating expertise.”

“This closing marks an exciting new chapter for Marc Jacobs, a brand with a distinctive creative legacy and global reach,” said Morris Goldfarb, Chairman and Chief Executive Officer of G-III Apparel Group. “G-III brings the scale and expertise to build and grow global brands, and we look forward to working with the Marc Jacobs team and WHP Global to protect what makes the brand special while supporting its continued growth worldwide.”

Advisors

Morgan Stanley & Co. LLC served as financial advisor to WHP Global and Gibson Dunn served as legal advisor. Morgan Stanley Senior Funding, Inc. provided debt financing to support the acquisition.

UBS served as financial advisor to G-III, and Paul, Weiss, Rifkind, Wharton & Garrison served as legal advisor.

Barack Ferrazzano served as legal advisor to LVMH.

ABOUT MARC JACOBS

Marc Jacobs created Marc Jacobs International with Robert Duffy in 1984, basing the brand on two very simple concepts: a love of fashion and a commitment to quality. Finding the perfect balance between tradition and innovation, highlighting Jacobs’ exuberant creativity, the brand has become a driving force in the industry. Part of a generation that’s conscious of the world around it, sensitive to humanitarianism and social entrepreneurship, Marc Jacobs has made its mark as rebellious, unpredictable, original, unique, and authentic all at the same time. Committed to the communities around them, Marc Jacobs International leads by example, supporting over 75 charities and organizations around the world.

ABOUT WHP GLOBAL

WHP Global (www.whp-global.com) is a leading brand management platform founded in 2019 to acquire and grow consumer brands. Its portfolio includes 16+ powerful brands across fashion, sports, and hardgoods, generating over $9.5 billion in annual retail sales across 80+ countries. Headquartered in New York with offices worldwide, WHP Global partners with more than 200 leading operators and drives strategic value through proprietary initiatives, including an internal A.I. Innovation Lab.

ABOUT G-III APPAREL GROUP, LTD.

G-III Apparel Group, Ltd. is a global fashion leader with expertise in design, sourcing, distribution, and marketing. The Company owns and licenses a portfolio of more than 30 preeminent brands, each differentiated by unique brand propositions, product categories, and consumer touchpoints. G-III owns ten iconic brands, including Marc Jacobs, DKNY, Donna Karan, Karl Lagerfeld, Sonia Rykiel, and Vilebrequin, and licenses over 20 of the most sought-after names in global fashion, including Calvin Klein, Tommy Hilfiger, Levi’s, Halston, Champion, Converse, Cole Haan, BCBG, French Connection, Starter, as well as major sports leagues such as the NFL, NBA, NHL and MLB, among others.

This press release contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, 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, risks relating to the ability to realize the anticipated benefits of the acquisition of the Marc Jacobs business; risks relating to significant costs related to the acquisition; the expected financial and operating performance and future opportunities following the consummation of the acquisition; risks relating to the reliance on licensed product; reliance on foreign manufacturers; risk of doing business abroad; the current economic and credit environment risks; the nature of the apparel industry, including changing customer demand and tastes; risks of operating a retail business; customer concentration; seasonality; customer acceptance of new products; the impact of competitive products and pricing; dependence on existing management; and possible disruption from acquisitions, 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 press release.

Contacts

WHP Global

Jaime Cassavechia

jcassavechia@whp-global.com

646-701-7041

G-III Apparel Group

Nick Bacchus

SVP of Investor Relations and Treasurer

IR@g-iii.com

Lauren McClain

Corporate Communications

GIIICommunications@g-iii.com

LVMH

Analysts and investors: Rodolphe Ozun – +33 1 44 13 27 21

Media: Jean-Charles Tréhan – press@lvmh.com – +33 1 44 13 26 20

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 178.3 KB
• EX-99.2 EXHIBIT 99.2 14.0 KB

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 482.0 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB