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G-III Apparel executes its first license for Andrew Marc brand

12
Jun '08
G-III Apparel Group Ltd announced that it has executed its first license for the Andrew Marc brand. G-III and Camuto Group, headed by Vince Camuto, have entered into a license agreement through January 31, 2013 for Camuto Group to design, market, and distribute women's footwear under the Andrew Marc and Marc New York brand names.

It is expected that product will begin distribution for the Fall 2009 season. Terms of the license were not disclosed.

Morris Goldfarb, G-III's Chairman and Chief Executive Officer, said, “We are excited to begin the broader development of the Andrew Marc and Marc New York branded businesses, which hold an excellent position in upscale specialty retailers and department stores.

We believe that the contemporary aesthetic and high-fashion identity of these brands can quickly and decisively transcend their roots from the outerwear market.

We could not have found a better partner for this important category than Vince Camuto and his organization. He has demonstrated time and again that he is a true visionary in the footwear industry.”

Vince Camuto, Chief Executive Officer of Camuto Group, commented, “The opportunity to add Andrew Marc and Marc New York collections to the incredible stable of Camuto Group brands is the perfect compliment to our existing success and growth in the market place.

We are excited to translate that strong contemporary fashion viewpoint for the women's footwear market and look forward to a long, profitable relationship with G-III.”

G-III Apparel Group Ltd


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