G-III Apparel Group Announces Wayne Miller’s Transition to Senior Strategic Advisor
June 15 2021 - 4:15PM
Business Wire
G-III Apparel Group, Ltd. (NasdaqGS: GIII) announced today that,
effective July 1, 2021, Wayne Miller will step down as the
Company’s Chief Operating Officer and will become a Senior
Strategic Advisor to the Company. In his new role, Mr. Miller will
assist in the transition of his day-to-day responsibilities and
advise the Company on various aspects of corporate strategy. Mr.
Miller will continue to report to Morris Goldfarb, Chairman and
Chief Executive Officer.
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer,
said, “On behalf of our Board and global team, I want to sincerely
thank Wayne for his 23 years of dedication, leadership and
significant contributions in helping build G-III into the
exceptional company that it is today. Wayne has been instrumental
in the acquisition and development of many of the businesses we
currently have. I am pleased that Wayne will stay on as a key
strategic advisor and continue to assist us in charting our path
towards success and prosperity.”
Wayne Miller, G-III’s Chief Operating Officer, said, “It has
been an incredible 23 years and I have been fortunate to have had
the opportunity to work with Morris and the rest of the world class
team to grow G-III into a financially strong, well diversified
company with a portfolio of globally recognized brands. In my new
capacity, I look forward to my continued contribution towards
G-III’s long-term growth.”
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 substantial
portfolio of more than 30 licensed and proprietary brands is
anchored by five global power brands: DKNY, Donna Karan, Calvin
Klein, Tommy Hilfiger and Karl Lagerfeld Paris. G-III’s owned
brands include DKNY, Donna Karan, Vilebrequin, G.H. Bass, Eliza J,
Jessica Howard, Andrew Marc and Marc New York. 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 distributes directly
to consumers through its DKNY, Karl Lagerfeld Paris and Vilebrequin
stores and its digital channels for the DKNY, Donna Karan,
Vilebrequin, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather and
G.H. Bass brands.
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, risks related to the COVID-19
outbreak, reliance on licensed product, reliance on foreign
manufacturers, risks of doing business abroad, the current economic
and credit environment, risks related to our indebtedness, the
nature of the apparel industry, including changing customer demand
and tastes, customer concentration, seasonality, risks of operating
a retail business, risks related to G-III’s ability to reduce the
losses incurred in its retail operations, customer acceptance of
new products, the impact of competitive products and pricing,
dependence on existing management, possible disruption from
acquisitions, the impact on G-III’s 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/20210615006118/en/
G-III Apparel Group, Ltd.
Company Contact: Priya Trivedi VP of Investor Relations
and Treasurer (646) 473-5228
Investor Relations Contact: Tom Filandro ICR, Inc. (646) 277-1235
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