G-III Apparel Group, Ltd. (NasdaqGS:GIII) today announced that it has entered into a license agreement with IT Apparel II, an entity wholly owned by Ivanka Trump, a businesswoman, entrepreneur and celebrity to develop sportswear, dresses, suits, suit separates, sleepwear, active wear, jeanswear and intimates. The first collection of the Ivanka Trump brand, which is expected to include dresses and sportswear, will be distributed to department stores and better specialty stores in the United States, Canada and Mexico for Spring/Summer 2014.
Morris Goldfarb, Chairman and Chief Executive Officer of G-III, commented, “We are very excited to partner with Ivanka Trump on this inspiring collection of women’s apparel. The Ivanka Trump brand will capture the next generation of young, confident and sophisticated women as they make their mark on the world.”
Ivanka Trump added, “G-III has distinguished itself as a trusted partner for some of the world’s finest and most visible brands. We are confident that they share our vision for the future of our brand and business and look forward to a long and successful partnership.”
About G-III Apparel Group, Ltd.G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear, swimwear, beachwear and women's suits, as well as handbags and luggage, under licensed brands, our own brands and private label brands. G-III sells swimwear, accessories and resort wear under our own Vilebrequin brand. G-III also 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, Mac & Jac, 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 retail stores under the Wilsons Leather, Vilebrequin, Andrew Marc and Calvin Klein Performance names.