August 23, 2017 / 8:22 PM / 4 months ago

BRIEF-G-III Apparel Group Ltd announces joint venture for DKNY and Donna Karan in China

Aug 23 (Reuters) - G-iii Apparel Group Ltd

* G-III Apparel Group Ltd announces joint venture for DKNY and Donna Karan in China

* G-III Apparel Group Ltd says joint venture, of which G-III will own 49% and Amlon Balance, will be funded with $25 million of equity

* G-III Apparel Group - partnering with Fred Gehring’s investment fund, Amlon Capital Bv

* G-III Apparel - partnership for to produce & market women’s & men’s apparel & accessories pursuant to long term license for DKNY and Donna Karan in China

* G-III Apparel Group-as of Jan1, 2018,JV to be exclusive seller of DKNY, Donna Karan Brands in people’s republic of China, including Macau,Hong Kong,Taiwan​

* G-III Apparel Group Ltd - ‍ Fred Gehring, former Tommy Hilfiger chairman and CEO and former PVH vice chairman, will be chairman of joint venture​

* G-III Apparel Group Ltd - ‍ Steve Shen, former chief executive officer of Tommy Hilfiger China, will be chief executive officer of joint venture​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below