G-III Apparel Group, Ltd. Announces Election of Victor Herrero to the Board of Directors
June 13 2019 - 4:01PM
Business Wire
G-III Apparel Group, Ltd. (NasdaqGS:GIII) announced that today,
at the Annual Meeting of Stockholders, Victor Herrero has been
elected as a member of the Board of Directors.
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer,
said, “We are extremely pleased that Victor has joined our Board.
As we continue to expand our operations internationally, we look
forward to benefiting from Victor’s significant expertise developed
by his diversified apparel and accessory experience in North
America, Europe and Asia.”
Mr. Herrero was most recently the Chief Executive Officer and a
Director of Guess?, Inc., a global lifestyle brand. Prior to
joining Guess?, Mr. Herrero spent more than 12 years at Inditex
Group in several senior executive roles and rose to become the Head
of Asia Pacific where he was responsible for all aspects of
Inditex’s Asia business for all brands. Mr. Herrero is currently a
non-executive director of Coppel, SA, Global Fashion Group and
Clarks.
Upon his appointment, Victor Herrero said, “I am thrilled to
join G-III at this exciting time for the company. With G-III’s
portfolio of global power brands, DKNY, Donna Karan, Calvin Klein,
Tommy Hilfiger and Karl Lagerfeld, I look forward to leveraging my
experience and expertise to help contribute to the future success
of the company as it continues to grow and seeks to become a
dominant global apparel and accessories supplier.”
Additionally, Allen Sirkin decided not to stand for reelection.
The Board will continue to consist of 11 members.
Mr. Goldarb said “I want to thank Allen Sirkin for his
invaluable guidance and service over the years.”
About G-III Apparel Group,
Ltd.
G-III designs, sources and markets apparel and accessories under
owned, licensed and private label brands. G-III’s owned brands
include DKNY, Donna Karan, Vilebrequin, G. H. Bass, Andrew Marc,
Marc New York, Eliza J and Jessica Howard. G-III has fashion
licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld
Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi's and
Dockers brands. Through its team sports business, G-III has
licenses with the National Football League, National Basketball
Association, Major League Baseball, National Hockey League, and
over 150 U.S. colleges and universities. G-III also operates retail
stores under the DKNY, Wilsons Leather, G. H. Bass, Vilebrequin,
Karl Lagerfeld Paris and Calvin Klein Performance names.
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, risks of doing business abroad,
the current economic and credit environment, the nature of the
apparel industry, including changing customer demand and tastes,
customer concentration, seasonality, risks of operating a retail
business, customer acceptance of new products, the impact of
competitive products and pricing, dependence on existing
management, possible disruption from acquisitions, risks relating
to G-III’s operations of Donna Karan International Inc., the impact
on our business of the imposition of tariffs by the United States
government and business 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190613005720/en/
G-III Apparel Group, Ltd.Priya TrivediVP of Investor
Relations and Treasurer(646) 473-5157
Investor Relations:Tom FilandroICR, Inc.(646)
277-1235
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