G-III Apparel Group to Acquire Marc Jacobs Brand
The apparel licensing company said the deal targets $1 billion in long-term annual revenue and will accelerate its shift to owned brands.
G-III Apparel Group, Ltd. (GIII) agreed to acquire the Marc Jacobs brand, a move that will significantly strengthen its portfolio and further enhance its position as a global fashion leader. The apparel licensing company set a target of $1 billion in long-term annual revenue from the addition.
Chairman and Chief Executive Officer Morris Goldfarb said the deal is a step in G-III’s strategic transformation. “Our strategic transformation has taken a meaningful step forward with the addition of Marc Jacobs. The acquisition significantly strengthens our portfolio and further enhances our position as a global fashion leader. I am extremely optimistic about the future of G-III and believe we have the brands, capabilities, and financial flexibility to capitalize on the opportunities ahead and create long-term value for our shareholders.”
The company has spent the past two fiscal years repositioning around owned labels after exiting Calvin Klein and Tommy Hilfiger licenses. In a June 2026 earnings update, Goldfarb described the Marc Jacobs acquisition, done in partnership with WHP Global, as an “exciting new chapter” that would “significantly accelerate our transformation into a brand-led global powerhouse.” He said Marc Jacobs is “one of the most influential brands in fashion” and that G-III sees “tremendous opportunity to build on its strong foundation and drive long-term growth across categories, channels, and geographies.”
That go-forward portfolio had already been carrying the company through the license exits. For the first quarter of fiscal 2027, ended April 30, 2026, net sales were $536 million, ahead of guidance, and net income was $1.50 a share versus $0.17 a year earlier. Goldfarb said the quarter was better than expected, with continued momentum and healthy full-price selling in the go-forward portfolio contributing to meaningful gross-margin expansion versus the prior year. On those results, the company raised GAAP and non-GAAP net-income guidance for fiscal 2027.
Fiscal 2026, ended January 31, 2026, had been the year G-III absorbed the lost sales. Net sales were $2.96 billion, down 7% from the prior year, with $254 million of lost sales from PVH Brands. Key owned brands were up mid-single digits. Reported earnings were $1.51 a share; non-GAAP earnings were $2.61 a share, inclusive of a $0.30 impact from bad-debt expense related to the Saks Global bankruptcy. Year-end cash was $407 million.
Looking to fiscal 2027 before the Marc Jacobs close, G-III was building on the momentum of the go-forward portfolio, which it expected to deliver high-single-digit growth, helping to offset the significant lost sales as it exited the Calvin Klein and Tommy Hilfiger businesses. The company was focused on driving gross-margin expansion while streamlining its cost structure.
The Marc Jacobs acquisition is the next owned-brand step in that sequence. The deal targets $1 billion in long-term annual revenue, and G-III has the brands, capabilities, and financial flexibility to capitalize on the opportunities ahead.