G-III Apparel Group
G-III Apparel Group, Ltd. is a renowned American clothing company that has made a significant mark in the fashion industry. Founded in 1956 in New York's Garment District by Aron Goldfarb, a Polish-born Holocaust survivor, the company has grown from its early days as a leather outerwear brand to a global fashion leader.
The company's journey began with a specialization in leather outerwear under the name G&N Sportswear, and it was later reorganized as G-III Leather Fashions, Inc. in 1974. The founder's son, Morris Goldfarb, joined the company in 1972, helping to diversify and expand its sourcing. By the mid-1980s, G-III had become one of the largest importers and wholesalers of leather clothing in the United States.
G-III Apparel Group became a publicly traded company in 1989, marking a significant milestone in its history. This period also saw the company's revenues nearing $100 million, and it operated a branch office in Asia. The company's growth continued with extended licensing deals with major sports leagues and agreements with prominent fashion brands.
In the mid-2000s, G-III Apparel Group embarked on a series of acquisitions and licensing deals that added well-known brands to its portfolio and expanded its production capabilities. Today, the company designs, manufactures, markets, and sells women's and men's apparel across a diverse range of categories. Its product range includes outerwear, dresses, sportswear, swimwear, women's suits, performance wear, handbags, footwear, small leather goods, cold weather accessories, and luggage.
G-III Apparel Group boasts a portfolio of over 30 licensed and owned global brands, including DKNY, Donna Karan, Karl Lagerfeld, Calvin Klein, Tommy Hilfiger, Vilebrequin, Nautica, Halston, G.H. Bass, Levi's, Champion, and licenses with Major League Baseball, National Basketball Association, National Football League, and National Hockey League.
The company acquired the iconic brand DKNY in December 2016, which continues to be recognized as one of the most heralded names in American fashion. The acquisition of DKNY was a strategic move that allowed G-III to reimagine the brand for a new era of modern women.
Under the leadership of CEO and Chairman Morris Goldfarb, President and Vice Chairman Sammy Aaron, Chief Growth and Operations Officer Dana Perlman, Executive Vice President Jeffrey Goldfarb, and CFO Neal S. Nackman, G-III Apparel Group has reported revenues of US$3.23 billion in fiscal year 2023 and employs 3,600 full-time and 1,100 part-time employees as of 2023.
G-III Apparel Group's strengths lie in its full product life cycle capabilities, which enable the company to unlock the value of its brands and fuel growth. With a robust global retail network and a spirit of refinement and fantasy, G-III continues to cultivate its brands, staying true to the casual charm and innovative spirit that have been the foundation of its success.