G-III Apparel Group, Ltd. 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."
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.
As Executive Vice President of Development and Acquisitions, Ivanka Trump is charged with the domestic and global expansion of the Trump Organization's real estate footprint.