G-III LICENSES DKNY MENSWEAR TO PVH
G-III APPAREL GROUP SEES FOURTH QUARTER LOSS
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G-III APPAREL GROUP COMPLETES ACQUISITION OF DONNA KARAN INTERNAT...
G-III funded the total purchase price of $650 million with a combination of cash, $75 million of newly issued shares of its common stock to LVMH and a $125 million junior lien seller note.
Read MoreG-III SEES NET SALES DECLINE IN SECOND QUARTER
Net sales decreased 7 percent to $442.3 million from $473.9 million in the year-ago period. There was also a net loss for the second quarter of $1.3 million.
Read MoreG-III TO ACQUIRE DONNA KARAN INTERNATIONAL FROM LVMH
G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million.
Read MoreCALVIN KLEIN HELPS BOOST G-III FIRST QUARTER SALES
G-III Apparel Group, Ltd.’s net sales increased 6 percent to a first quarter record of $457.4 million, compared to $433.0 million in the year-ago period.
Read MoreG-III REPORTS STRONG SALES GAIN FOR FISCAL YEAR
G-III Apparel Group’s net sales for the fiscal year ended January 31, 2016 were up 11 percent to $2.34 billion from $2.12 billion in the prior year, driven by strong performances from many of the company’s wholesale businesses.
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