{"id":963332,"date":"2026-05-14T18:37:32","date_gmt":"2026-05-14T22:37:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/"},"modified":"2026-05-14T18:37:32","modified_gmt":"2026-05-14T22:37:32","slug":"g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/","title":{"rendered":"G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>\n          <strong>Forms 50\/50 Strategic Joint Venture for Marc Jacobs Brand<\/strong>\n        <\/li>\n<li>\n          <strong>Partnership Combines G-III\u2019s Proven Operating and Merchandising Capabilities with WHP Global\u2019s Leading Brand Management Platform<\/strong>\n        <\/li>\n<li>\n          <strong>Adds Globally Recognized, Iconic Brand to G-III\u2019s Portfolio, Strengthening its Growth Strategy<\/strong><\/p>\n<\/li>\n<\/ul>\n<p>NEW YORK, May  14, 2026  (GLOBE NEWSWIRE) &#8212; G-III Apparel Group, Ltd. (NasdaqGS: GIII) (\u201cG-III\u201d or the \u201cCompany\u201d) today announced that it has entered into a definitive agreement with WHP Global to jointly own the Marc Jacobs brand\u2019s intellectual property through a newly formed joint venture (\u201cJV\u201d). G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations.<\/p>\n<p>Founded in 1984, Marc Jacobs is a culture-defining brand recognized for its distinctive blend of high fashion and contemporary design. Built on the creative vision of its founder, the brand has established a strong international presence through four decades of consistent cultural influence and a distinct creative point of view. Today, Marc Jacobs operates a global retail footprint with company-operated stores worldwide and distributes products through its e-commerce platform as well as a diverse network of wholesale partners.<\/p>\n<p>\n        <strong>Morris Goldfarb, G-III\u2019s Chairman and Chief Executive Officer<\/strong>, said, \u201cMarc Jacobs is one of the most influential names in fashion. This transaction underscores our long-standing commitment to building a diversified portfolio of iconic, globally relevant brands. LVMH has been an exceptional steward of the brand, and we look forward to working with the Marc Jacobs team to build on that strong foundation. With our portfolio of premium brands and backed by our powerful global platform, this opportunity accelerates our transformation efforts and positions us to drive long-term shareholder value.\u201d<\/p>\n<p>\n        <strong>Transaction Details<\/strong><br \/>\n        <br \/>G-III and WHP Global will form a 50\/50 joint venture that will retain ownership of Marc Jacobs\u2019 intellectual property that will be formed contemporaneously with WHP Global\u2019s closing of its acquisition of Marc Jacobs. G-III will then acquire the Marc Jacobs operating business from the JV and enter into a long-term licensing agreement.<\/p>\n<p>G-III will fund its approximately $500 million investment using cash on hand and borrowings under its revolving credit facility. The transaction is expected to be dilutive during the first 12 months after closing, with accretion expected thereafter. Closing is subject to customary conditions, including regulatory approval, and is expected to occur in G-III\u2019s fiscal third quarter of 2027.<\/p>\n<p>\n        <strong>Advisors<br \/><\/strong>UBS serves as financial advisor to G-III, and Paul, Weiss, Rifkind, Wharton &amp; Garrison serves as legal advisor.<\/p>\n<p>Morgan Stanley &amp; Co. LLC serves as financial advisor to WHP Global and Gibson Dunn serves as legal advisor. Morgan Stanley Senior Funding, Inc. provided committed debt financing to support the acquisition.<\/p>\n<p>\n        <strong>About G-III Apparel Group, Ltd.<\/strong><br \/>\n        <br \/>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 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\u2019s, 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.<\/p>\n<p>\n        <strong>Forward Looking Statements<\/strong><br \/>\n        <br \/>\n        <em>This press release contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are \u201cforward-looking statements\u201d 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 completing the proposed acquisition in the anticipated time frame, or at all; (ii) risks relating to the ability to realize the anticipated benefits of the proposed acquisition; (iii) risks relating to the receipt of regulatory approvals without unexpected delays or conditions and possibility of regulatory action; (iv) risks relating to significant costs related to the proposed acquisition; (v) the expected financial and operating performance and future opportunities following the consummation of the proposed acquisition; (vi) risks relating to the reliance on licensed product; (vii) reliance on foreign manufacturers; (viii) risk of doing business abroad; (ix) the current economic and credit environment risks; (x) the nature of the apparel industry, including changing customer demand and tastes; (xi) risks of operating a retail business; (xii) customer concentration; (xiii) seasonality; (xiv) customer acceptance of new products, (xv) the impact of competitive products and pricing, (xvi) dependence on existing management, (xvii) possible disruption from acquisitions, as well as other risks detailed in G-III&#8217;s filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this press release.<\/em>\n      <\/p>\n<p>\n        <strong>Investor Relations Contact<\/strong><br \/>\n        <br \/>Nick Bacchus<br \/>SVP of Investor Relations and Treasurer<br \/>IR@g-iii.com<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Lauren McClain<br \/>VP, Corporate Communications<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8GcjlvVxZ2gazpvxLheH7ZTdjSlBe_XgkUKvA5OdD-36jHxhTqX_5ylf__yltQM1hDheu6LOLzNRog3DudMw72adp0vsMcN6F1datG7ykEaRxjeT-86inVktrUi1Qcy6\" rel=\"nofollow\" target=\"_blank\">GIIICommunications@g-iii.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyMDg4MCM3NjA0Njg1IzIwODA3MDg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YTgyMWZlYzAtNzM0ZS00NWI4LTkwMDUtY2JmM2Y0YWRlMzczLTEwOTIyNzktMjAyNi0wNS0xNC1lbg==\/tiny\/G-III-Apparel-Group-LTD-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Forms 50\/50 Strategic Joint Venture for Marc Jacobs Brand Partnership Combines G-III\u2019s Proven Operating and Merchandising Capabilities with WHP Global\u2019s Leading Brand Management Platform Adds Globally Recognized, Iconic Brand to G-III\u2019s Portfolio, Strengthening its Growth Strategy NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) &#8212; G-III Apparel Group, Ltd. (NasdaqGS: GIII) (\u201cG-III\u201d or the \u201cCompany\u201d) today announced that it has entered into a definitive agreement with WHP Global to jointly own the Marc Jacobs brand\u2019s intellectual property through a newly formed joint venture (\u201cJV\u201d). G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations. Founded in 1984, Marc Jacobs is a culture-defining brand recognized for its distinctive blend of high fashion and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963332","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Forms 50\/50 Strategic Joint Venture for Marc Jacobs Brand Partnership Combines G-III\u2019s Proven Operating and Merchandising Capabilities with WHP Global\u2019s Leading Brand Management Platform Adds Globally Recognized, Iconic Brand to G-III\u2019s Portfolio, Strengthening its Growth Strategy NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) &#8212; G-III Apparel Group, Ltd. (NasdaqGS: GIII) (\u201cG-III\u201d or the \u201cCompany\u201d) today announced that it has entered into a definitive agreement with WHP Global to jointly own the Marc Jacobs brand\u2019s intellectual property through a newly formed joint venture (\u201cJV\u201d). G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations. 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(NasdaqGS: GIII) (\u201cG-III\u201d or the \u201cCompany\u201d) today announced that it has entered into a definitive agreement with WHP Global to jointly own the Marc Jacobs brand\u2019s intellectual property through a newly formed joint venture (\u201cJV\u201d). G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations. Founded in 1984, Marc Jacobs is a culture-defining brand recognized for its distinctive blend of high fashion and &hellip; Continue reading \"G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-14T22:37:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyMDg4MCM3NjA0Njg1IzIwODA3MDg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand","datePublished":"2026-05-14T22:37:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/"},"wordCount":803,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyMDg4MCM3NjA0Njg1IzIwODA3MDg=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/g-iii-apparel-group-signs-definitive-agreement-with-whp-global-for-marc-jacobs-brand\/","name":"G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand - 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