G III APPAREL GROUP LTD /DE/
G-III Apparel Group designs, sources, distributes and markets apparel and related products for consumers through a portfolio of owned and licensed brands and private-label programs. Its products span categories including outerwear, dresses, sportswear, suits, athleisure, jeans, swimwear, handbags, footwear, accessories and luggage. Owned brands include DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin; licensed brands include Calvin Klein, Tommy Hilfiger, Levi’s, Nautica, Champion and Converse, as well as major sports leagues. G-III sells products wholesale to department, specialty and mass-market retailers, and through company-operated stores, digital platforms and retail partners’ online channels. It also earns licensing income by licensing its owned brands to independent partners in selected product categories and geographies. The company’s products are sold primarily in the United States, with sales also made in international markets. G-III Apparel Group is headquartered in New York, New York.
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See all $GIII insider activity →Coty extended its partnership with Marc Jacobs for 40 years, agreeing with WHP Global and G-III Apparel Group. The collaboration has been successful, with Marc Jacobs Beauty exceeding sales targets and fragrances ranking among the top in key markets. Coty plans to expand the brand internationally and focus on strategic projects, including debt reduction and sustainability goals.
Coty Inc. (NYSE: COTY) extended its partnership with WHP Global and G-III Apparel Group for the Marc Jacobs brand, securing its Prestige portfolio. Marc Jacobs Beauty products rank among Sephora's top five in the U.S. The deal aims to expand the brand globally and into color cosmetics, building on successful fragrance launches like Daisy Marc Jacobs.
ReGen III Corp. (GIII) filed a motion to dismiss over 95% of claims in a lawsuit by former COO Tom Lawlor, stating it expects no impact on operations. The case is in early stages, and a court ruling or settlement could affect financial exposure.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning GIII (G III APPAREL GROUP LTD /DE/). Coverage has skewed bullish: 2 bullish, 0 neutral, and 0 bearish.
Recent GIII coverage spans financial news, earnings and corporate actions.
G‑III may benefit from continued brand licensing revenue.
G‑III benefits from continued royalty streams and brand exposure through Coty's global distribution.
The motion could limit the company's liability but uncertainty remains until a court ruling.
The partnership could boost Marc Jacobs sales in China, benefiting G-III's revenue outlook.
New leadership may accelerate growth of the Marc Jacobs brand under G‑III ownership.
AlphAI scores every news story that mentions GIII with an AI model for sentiment and relevance, and aggregates insider trades from G III APPAREL GROUP LTD /DE/'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Coty extended its partnership with Marc Jacobs for 40 years, agreeing with WHP Global and G-III Apparel Group. The collaboration has been successful, with Marc Jacobs Beauty exceeding sales targets and fragrances ranking among the top in key markets. Coty plans to expand the brand internationally and focus on strategic projects, including debt reduction and sustainability goals.
Coty Inc. (NYSE: COTY) extended its partnership with WHP Global and G-III Apparel Group for the Marc Jacobs brand, securing its Prestige portfolio. Marc Jacobs Beauty products rank among Sephora's top five in the U.S. The deal aims to expand the brand globally and into color cosmetics, building on successful fragrance launches like Daisy Marc Jacobs.
ReGen III Corp. (GIII) filed a motion to dismiss over 95% of claims in a lawsuit by former COO Tom Lawlor, stating it expects no impact on operations. The case is in early stages, and a court ruling or settlement could affect financial exposure.
Marc Jacobs, owned by WHP Global and G-III Apparel Group, partners with I.T Group to expand in Greater China through new retail and digital channels. I.T Group, a leading fashion retailer, will leverage its omnichannel platform and local market expertise to grow Marc Jacobs' presence. The partnership follows recent management changes at Marc Jacobs, including the appointment of Emily George as global president.
Emily George was appointed global president of Marc Jacobs, effective Nov. 1. Eric Marechalle, the former CEO, is leaving. G-III and WHP Global acquired the brand's IP from LVMH in September for $425M each, with G-III paying an additional $75M for the operating business. George, a former Marc Jacobs executive, will oversee the leadership team. The new owners plan to relaunch Marc by Marc Jacobs and explore licensing opportunities.
ReGen III Corp. (TSXV: GIII) announced a complaint filed by its former COO, alleging breach of contract. The company plans to defend against it and does not expect operational impact. ReGen III focuses on sustainable lubricants using patented technology. The complaint seeks unspecified damages.
G-III (GIII) raised full-year guidance but underperformed estimates, with shares down 16.2%. Figs (FIGS) reported 28.8% revenue growth, beating estimates, and shares rose 24.3%. Stitch Fix (SFIX) missed EBITDA estimates, with shares down 4.3%. Carter's (CRI) beat revenue expectations but missed guidance, shares down 14.6%. Under Armour (UAA) reported a 3.2% revenue decline, shares down 24.4%.
G-III Apparel Group appointed Emily George as president of direct-to-consumer, North America, to strengthen its retail and digital strategy, focusing on Marc Jacobs. George previously worked at Balmain and Marc Jacobs. G-III expects Marc Jacobs to generate $360M in sales this year, with potential to reach $1B long-term, though it may be dilutive initially. G-III and WHP Global each own 50% of Marc Jacobs.
UBS maintained a Neutral rating for G-III Apparel Group (GIII) but raised its price target to $27.00. The company's stock is currently trading at $27.21, slightly below its GF Value™ of $27.31. G-III has a GF Score™ of 79/100, indicating strong financial health and profitability, but faces growth challenges. Institutional investors and insiders have shown confidence in the company.
UBS analysts predict G-III Apparel Group's growth may be limited due to the phaseout of PVH brands and increased costs. The firm adjusted its price target to $27 from $26, maintaining a neutral rating. G-III's stock is currently trading at $27.26, down 1.12% on the day and 5.61% over the past year.
