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.

G-III Apparel Group declared a quarterly cash dividend of $0.10 per share on its common stock, payable on September 29, 2026 to shareholders of record as of September 15, 2026. This routine distribution is part of the company's ongoing capital return policy and does not indicate a change in strategic direction or financial distress. G-III Apparel Group operates in the global fashion industry, designing, sourcing, distributing, and marketing apparel through a portfolio of owned brands like DKNY and licensed names such as Calvin Klein and Tommy Hilfiger.