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G-III Apparel Group, Ltd. Announces China Joint Venture For Launch Of Women’s Calvin Klein Performance Retail Stores In China And Hong Kong

Stocks in this article: GIII

The Company noted that the products offered will be the women’s active performance wear apparel in the athletic and performance wear categories developed and produced under G-III’s license from Calvin Klein, Inc. utilizing materials and designs that enhance the active lifestyle including yoga, running, tennis, and biking. The line features items rendered in performance fabrics and finished with detailing appropriate for each of those classifications. The products to be offered in the retail stores in China and Hong Kong will include active performance wear pants, capris, shorts, tank tops, t shirts, and hooded jackets.

As previously announced, G-III entered into a women’s wholesale Calvin Klein Performance license in 2007. In December 2011, the Company announced that it had entered into a retail store agreement with Calvin Klein, Inc., to open Calvin Klein Performance stores and shop in shops for the sale of women’s Calvin Klein Performance apparel in the United States, China, and Hong Kong. G-III also has rights to expand to additional countries throughout the world. The first Calvin Klein Performance store opened in the United States last month at Scottsdale Quarter in Scottsdale, Arizona.

G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear and women's suits, as well as handbags and luggage, under licensed brands, our own brands and private label brands. G-III sells outerwear and dresses under our own Andrew Marc, Marc New York and Marc Moto brands and has licensed these brands to select third parties in certain product categories. G-III has fashion licenses under the Calvin Klein, Sean John, Kenneth Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson, Vince Camuto, Nine West, Ellen Tracy, Tommy Hilfiger, Kensie, Levi's and Dockers brands and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. Our other owned brands include Jessica Howard, Eliza J, Black Rivet, G-III, G-III Sports by Carl Banks and Winlit. G-III also operates outlet stores under our Wilsons Leather and Andrew Marc names, is a party to a joint venture that operates outlet stores under the Vince Camuto name, and operates retail stores under the Calvin Klein Performance name.

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