Profile: G-III Apparel Group Ltd (GIII.O)

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets an extensive range of outerwear, sportswear and accessories, including coats, jackets and pants, as well as women’s suits and dresses. The Company sells its products under licensed brands, its own brands and private retail labels. It provides apparel to retailers under brands, such as Macy’s, Bloomingdale’s, Nordstrom, JC Penney and Kohl’s. The Company also operates 121 retail stores, of which 119 are outlet stores operated under the Wilsons Leather name. The Company operates in three segments: licensed apparel, non-licensed apparel and retail operations. The licensed apparel segment includes sales of apparel brands licensed by it from third parties. The non-licensed apparel segment principally includes sales of apparel under its own brands and private label brands. The retail segment consists almost entirely of the Wilsons retail outlet stores it acquired in July 2008, now operating as AM Retail Group, Inc. In February 2008, it acquired Andrew Marc, a supplier of fine outerwear and handbags for both men and women to upscale specialty and department stores.

G-III’s licensed apparel consists of both men’s and women’s products. The Company has licensed to produce branded fashion apparel, including under the Calvin Klein, Sean John, Kenneth Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson, Nine West, Ellen Tracy, House of Deréon, Tommy Hilfiger, Levi’s and Dockers brands. Products in its men’s outerwear lines, primarily consisting of leather outerwear, are sold under the G-III, Tannery West and Winlit labels. Siena Studio, its bridge-priced lines of women’s leather and textile apparel, primarily consist of jackets, skirts and related sportswear separates. The Jessica Howard label is a dress line that sells to department stores, specialty stores and catalogs.

The Company’s brand apparel also consists of both men’s and women’s products. The Andrew Marc line of women’s and men’s outerwear is sold to upscale department and specialty retail stores. The Marc NY line of women’s and men’s outerwear is sold to upper tier stores. The Black Rivet, Tannery West, Marvin Richards and Winlit lines of women’s apparel consist of women’s outerwear and sportswear. Products in its men’s outerwear lines, primarily consisting of leather outerwear, are sold under the G-III, Tannery West and Winlit labels. Siena Studio, its women’s leather and textile apparel, primarily consist of jackets, skirts and related sportswear separates. The Jessica Howard label is a dress line that sells to department stores, specialty stores and catalogs.