G-III Apparel Group Signs Definitive Agreement with WHP Global for Marc Jacobs Brand

G-III Apparel Group has signed a definitive agreement to form a 50/50 joint venture with WHP Global to jointly own the Marc Jacobs brand intellectual property. G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage licensing operations. The deal involves a $500 million investment by G-III, funded by cash and revolver borrowings. The transaction is expected to close in G-III’s fiscal third quarter of 2027.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.