Camuto Group and G-III Apparel Announce Licensing Agreement for Jessica Simpson

G-III Apparel to Launch a Contemporary Dress Line for Jessica
Simpson Collection
NEW YORK--(Business Wire)--
The Camuto Group announced today that it has entered into an
exclusive multi-year licensing agreement with G-III Apparel Group,
Ltd. (Nasdaq GSM: GIII), to design, develop, manufacture and
distribute a line of contemporary dresses under the 'Jessica Simpson'
label.

Debuting with a soft launch for Spring 2009 with a complete
roll-out expected for the Fall 2009 season, the collection will be
designed to complement the brands already successful assortment of
footwear, swimwear, handbags, sunglasses/eyewear, outerwear and
jewelry and will continue to deliver on the brand promise of providing
the consumer with stylish, contemporary product.

"I'm extremely excited to be expanding into the dress market,"
stated Jessica Simpson. "I plan on creating beautiful dresses in
distinctive fabrics and silhouettes that are reflective of my personal
style and offer something special to the market place."

"The contemporary dress market is the ideal evolution for the
Jessica Simpson brand," said Bob Galvin, President, Camuto Group. "We
are extremely pleased to partner with G-III on this endeavor; their
expertise and knowledge of the dress market will help us to deliver
the design, quality and value which are the cornerstones of the
Jessica Simpson brand."

"We are pleased to continue to strengthen our relationship with
the Camuto Group, with the launch of Jessica Simpson dresses," stated
Morris Goldfarb, G-III's Chairman and Chief Executive Officer. "This
agreement broadens our existing relationship, which already includes
the Camuto Group producing women's footwear under the Andrew Marc
label. Our existing dress lines are well received at retail and we
believe that we will deliver the same success with the Jessica Simpson
Collection."

About G-III Apparel Group, Ltd.

G-III Apparel Group, Ltd. is a leading manufacturer and
distributor of outerwear and sportswear under licensed brands, private
labels and our own brands. G-III also operates 116 outlet stores under
the Wilsons Leather name. The Company has fashion licenses, among
others, under the Calvin Klein, Kenneth Cole, Sean John, Cole Haan,
Guess?, Jones New York, Nine West, Ellen Tracy, House of Dereon, IZOD,
Tommy Hilfiger, Levi's and Dockers brands and sports 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. G-III works with leading
retailers in developing product lines to be sold under its own
proprietary private labels. Company-owned brands include, among
others, Andrew Marc, Marc New York, Marvin Richards, G-III, Jessica
Howard, Eliza J., Industrial Cotton, Black Rivet, Siena Studio,
Colebrook, G-III by Carl Banks, Winlit, NY 10018 and La Nouvelle
Renaissance.

About Camuto Group

The Camuto Group is a leading organization for design, development
and distribution of women's fashion footwear and is renowned for its
ability to build women's lifestyle brands on a global scale. Camuto
Group products are sold in over 5400 doors worldwide. The Camuto Group
is the owner of the Vince Camuto and Arturo Chiang brands and is the
master licensee for the Jessica Simpson collection. The company also
develops and manages the Antonio Melani(R) and Gianni Bini(R) brands,
and holds the footwear license for BCBGirls(R), BCBG Max Azria(R),
Andrew Marc and Nicole Miller(R). The Camuto Group also has
partnerships with Tory Burch, Development by Erica Davies and
Sanctuary.

Safe Harbor Language

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, the
nature of the apparel industry, including changing customer demand and
tastes, customer concentration, seasonality, 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.

The Camuto Group
Lisa Mitchell, 646-898-1027
Lisa.Mitchell@camutogroup.com
or
G-III Apparel Group, Ltd.
Wayne S. Miller, 212-403-0500
Chief Operating Officer

Copyright Business Wire 2008