Mergers & Acquisitions ·
G-III Apparel Group completed its acquisition of the Marc Jacobs operating business from LVMH on September 1, 2026…
GIIIG III Apparel Group Ltd
G-III Apparel Group completed its acquisition of the Marc Jacobs operating business from LVMH on September 1, 2026, funding the approximately $500 million investment with cash and revolving credit facility borrowings. The company formed a joint venture with WHP Global to co-own the Marc Jacobs intellectual property, holding a 50% stake in MJ Topco, LLC. G-III operates the business under an exclusive license agreement through December 2041. Concurrently, the company reported second quarter fiscal 2027 results ending July 31, 2026, with net sales of $554.1 million and diluted EPS of $0.46. G-III raised its full-year GAAP net income guidance to between $181.0 million and $185.0 million. The company operates in the global fashion industry, designing, sourcing, distributing, and marketing apparel and accessories.