G-III Apparel Group Announces License Agreement with PVH Corp. for DKNY Menswear Collections in the U.S. and Canada
May 22 2017 - 8:30AM
Business Wire
-- Partnership Will Feature New Sport
Category for DKNY Menswear --
G-III Apparel Group, Ltd. (NASDAQ:GIII) announced today that it
has entered into a multi-year license agreement with PVH Corp.
(NYSE:PVH), under which PVH will design and distribute menswear for
the DKNY brand in the United States and Canada. The license
agreement includes DKNY Sport for Men, a new category for the
brand. In addition, PVH has licensed rights for men’s sportswear,
dress shirts, neckwear and jeans.
Morris Goldfarb, chairman and chief executive officer of G-III,
commented, “This collaboration is an important step in the
continued growth of DKNY and a clear example of the go-forward
strategy to heighten this iconic brand. PVH is a trusted and
powerful partner and we look forward to our continued success
together.”
Ken Duane, CEO of Heritage Brands and North America Wholesale
for PVH said, “DKNY is a great American brand and we are excited to
have the opportunity to build out the menswear business in the U.S.
and Canada as a complement to our existing menswear
businesses.”
The first collections will launch in spring 2018 and will be
sold in department stores. This agreement is the fourth partnership
between G-III and PVH. The companies have multi-year license
agreements for various product categories under PVH’s CALVIN KLEIN
and Tommy Hilfiger brands and for men’s sportswear under G-III’s
G.H. Bass brand.
About DKNY
DKNY is one of the world's leading fashion brands. From the
house founded by Donna Karan in 1984, DKNY emerged in 1989. The
company designs, markets and distributes collections of apparel,
accessories, footwear and select licensed product with distribution
in free standing stores and select department and specialty stores
globally. The label continues to merge modern tailoring with
sophisticated ease, celebrating the aspirational and practical
spirit of New York. Acquired by G-III Apparel Group in December
2016, the company continues to be recognized as one of the most
heralded names in American fashion.
About G-III Apparel Group,
Ltd.
G-III is a leading manufacturer and distributor of apparel and
accessories under licensed brands, owned brands and private label
brands. G-III's owned brands include Donna Karan, DKNY,
Vilebrequin, Eliza J, Andrew Marc, Marc New York, GH Bass, and
Jessica Howard. G-III has fashion licenses under the Calvin Klein,
Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan, Guess?,
Vince Camuto, Ivanka Trump, Kensie, Jessica Simpson, Levi's and
Dockers brands. Through our team sports business, G-III has
licenses with the National Football League, National Basketball
Association, Major League Baseball, National Hockey League, Hands
High, Touch by Alyssa Milano and more than 100 U.S. colleges and
universities. G-III also operates retail stores under the DKNY,
Wilsons Leather, GH Bass, Vilebrequin and Calvin Klein Performance
names.
About PVH Corp.
With a history going back over 135 years, PVH has excelled at
growing brands and businesses with rich American heritages,
becoming one of the largest apparel companies in the world. We
have over 35,000 associates operating in over 40 countries and
over $8 billion in annual revenues. We own the
iconic CALVIN KLEIN, Tommy Hilfiger, Van
Heusen, IZOD, ARROW, Speedo*, Warner’s and Olga brands,
and market a variety of goods under these and other nationally and
internationally known owned and licensed brands.
*The Speedo brand is licensed for North America and the
Caribbean in perpetuity from Speedo International, Ltd.
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version on businesswire.com: http://www.businesswire.com/news/home/20170522005409/en/
G-III Apparel Group:ICR, Inc.James Palczynski,
203-682-8229jp@icrinc.comorPVH Corp.:Dana Perlman,
212-381-3502Treasurer and Senior Vice President, Business
Development & Investor Relationscommunications@pvh.com
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