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

June 12, 2008 (USA)

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.

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