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G-III Apparel Group, Ltd. Announces European License For G.H. Bass Footwear

Stocks in this article: GIII

G-III Apparel Group, Ltd. (NASDAQ:GIII) announced today that it has entered into a multi-year wholesale license agreement with UK based Overland Ltd. for the sale of men’s, women’s and children’s footwear under the G.H. Bass and related brands in Europe. Overland plans to sell G.H. Bass footwear primarily to department and specialty stores beginning in the fall of 2014. A companion agreement also enables Overland to operate retail locations throughout Europe.

This latest agreement marks the second license that G-III has entered into since acquiring G.H. Bass from PVH Corp. in November 2013. Earlier this year, G-III announced a multi-year license with PVH Corp. for G.H. Bass better men’s sportswear for department store distribution throughout North America.

Morris Goldfarb, Chairman, Chief Executive Officer and President of G-III, commented, “We are pleased to partner with a best in class organization such as Overland to bring this American heritage brand into the global market. Overland’s vast experience gives us a strong foundation as we take advantage of opportunities to grow G.H. Bass in these important markets.”

Stephen Palmer, Chairman, and Chief Executive Officer of Overland, commented, “We look forward to working with G-III to build the G.H. Bass brand and business into a global franchise. We are confident that we can develop and build wholesale distribution and retail stores throughout Europe.”

About G-III Apparel Group, Ltd.

G-III is a leading manufacturer and distributor of outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as footwear, luggage and women’s handbags, small leather goods and cold weather accessories, under licensed brands, owned brands and private label brands. G-III sells swimwear, resort wear and related accessories under our own Vilebrequin brand. G-III also sells outerwear, dresses and performance wear under the Andrew Marc and Marc New York brands. G-III has fashion licenses under the Calvin Klein, Kenneth Cole, Cole Haan, Guess?, Tommy Hilfiger, Jones New York, Jessica Simpson, Vince Camuto, Ivanka Trump, Nine West, Ellen Tracy, Kensie, Levi’s and Dockers brands. Through its team sports business, the company maintains 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. Other owned brands include Bass, G.H. Bass, Eliza J, Black Rivet and Jessica Howard. G-III also operates retail stores under the Wilsons Leather, Bass, G.H. Bass & Co., Vilebrequin, Calvin Klein Performance and Andrew Marc names.

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