EXECUTIVE MOVES: G-III APPAREL GROUP APPOINTS DANA PERLMAN CHIEF GROWTH AND OPERATIONS OFFICER
G-III Apparel Group, Ltd., has announced the appointment of Dana Perlman as its Chief Growth and Operations Officer, effective January 8, 2024. In this newly created role, Ms. Perlman will draw on a 20-year career in apparel, strategy, and finance to drive innovation, optimize operations, and identify new opportunities for G-III. As part of the company’s leadership team, she will oversee Strategy, Finance, Communications, Information Technology, and other Operating functions. Most recently, Ms. Perlman spent more than 10 years at PVH Corp. where she played a critical role in transforming the business as Chief Strategy Officer. Before PVH, Ms. Perlman held several roles in investment banking retail groups at Barclays Capital, Lehman Brothers and Credit Suisse First Boston
G-III CEO Morris Goldfarb said, “As we focus on new opportunities to evolve our business, I am pleased to welcome Dana to G-III. With impressive experience and a strong track record of success leading strategy, finance, and business development, she brings a wealth of industry expertise and is well-equipped to support our plans. The executive team and I are excited to work closely with Dana to drive our ambitious growth agenda forward.”
G-III also announced its third-quarter fiscal results today. Goldfarb commented, “For the third quarter of fiscal 2024, we delivered strong profitability, well exceeding our earnings per diluted share guidance, driven by strength across our wholesale segment, our prudent inventory management, and our financial discipline. Our solid year-to-date results showcase G-III’s ability to successfully navigate challenging market conditions and gives us the confidence to raise our full-year earnings per share guidance.”
He then concluded, “Over the last twelve months, we have made significant progress accelerating our strategic priorities. We are developing and are on track with four new growth initiatives to drive our business including the expansion of our owned Donna Karan brand, a long-term license for Nautica in North America, a master global licensing agreement for Halston, and a multi-year outerwear license for Champion. The strength of our balance sheet affords us tremendous financial flexibility to invest in our business and consider additional opportunities.”
