G-III Apparel Group is a US based fashion group which designs, sources, and markets women’s and men’s apparel in the United States and internationally. The company operates in two categories, wholesale operations and retail operations.
G-III is parent company to fashion brands Vilebrequin, Andrew Marc, Marc New York, Bass, GH Bass, Weejuns, Black Rivet, Wilsons, Eliza J and Jessica Howard, and holds licenses for labels such as Calvin Klein, Tommy Hilfiger and Karl Lagerfeld.
G-III recently announced Victor Herrero has been elected as a member to the board of directors, with Herrero most recently being the Chief Executive Officer and a Director of Guess?. 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.”
Most recently G-III Apparel Group announced its operating results for the first quarter of fiscal 2020 ended April 30, 2019. Net sales for the first quarter ended April 30, 2019 increased 3.6% to $633.6 million from $611.7 million in the same period last year. The company reported GAAP net income for the first quarter of $12.0 million, or $0.24 per diluted share, compared to $9.9 million, or $0.20 per diluted share, in the prior year’s comparable period. Non-GAAP net income per diluted share was $0.25 for the first quarter of this year compared to $0.22 in the same period last year.