G-III Apparel Group, Ltd. (“GIII") was founded in 1956 by Aron Goldfarb who established his own outerwear company located in New York City’s Garment District. In 1972, Morris Goldfarb its current Chief Executive Officer and son of its founder, joined G-III. Morris introduced an entrepreneurial spirit to G-III which has propelled the company for more than forty years.
The early 1990’s was a period of rapid growth for G-III as it worked to broaden its outerwear offerings. G-III diversified in both fabrication and gender by launching a textile outerwear collection and began manufacturing men’s outerwear. In order to further G-III’s reach, it started producing licensed merchandise for the National Football League. When G-III recognized the consumer’s preference for name brands, the Company began partnering with nationally recognized fashion brands such as Kenneth Cole, Jones New York, Nine West and Cole Haan to produce branded outerwear under license agreements. By partnering with these national brands, G-III altered the landscape of how outerwear was marketed and sold in department stores in the United States.
The entrepreneurial culture developed by Morris flows throughout the organization at G-III. It has been essential in driving its diversification efforts and has enabled it to change its business model from being solely an outerwear producer to becoming a diversified apparel company.
Today, GIII designs, manufactures and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage. We sell our products under our own proprietary brands, licensed brands and private retail labels.
GIII sells products under an extensive portfolio of well-known licensed brands, including Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Guess?, Levi’s and Cole Haan. In our team sports business, we have licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano, Hands High and over 100 U.S. colleges and universities.
G-III sells swimwear, resort wear and related accessories under our own Vilebrequin brand and footwear, apparel and accessories under our own Bass and G.H. Bass brands. We also sell a variety of apparel products under our other owned brands that include Andrew Marc, Marc New York, Jessica Howard, Eliza J and Black Rivet and under private retail labels.
Our products are sold through a cross section of leading retailers such as Macy’s, Bloomingdale’s, Nordstrom, Lord & Taylor, Dillard’s, The Bon-Ton Stores, Saks Fifth Avenue and JC Penney. We also distribute apparel and other products through our own retail stores. Substantially all of our Wilsons Leather and G.H. Bass stores are operated as outlet stores. As of January 31, 2016, we operated 199 Wilsons Leather stores and 163 G.H. Bass stores, as well as 5 Calvin Klein Performance stores, in 43 states and Puerto Rico.
Still located in the center of New York City’s Garment District, G-III’s goals for the future are consistent with its storied past, produce great products that enable it to reach a broad spectrum of consumers; partner with nationally recognized brands to appeal to a brand conscious apparel market; and, perhaps most importantly, engage the entrepreneurial spirit that got it here by constantly seeking attractive new licenses and acquisitions to expand its reach and abilities.