G-III Apparel Group, Ltd. Announces Increased Investment in AWWG
G-III Apparel Group, (Nasdaq: GIII) has increased its investment in All We Wear Group (AWWG) from 12% to approximately 19%. AWWG, a premier platform for international brands, owns Pepe Jeans London, Hackett, and Façonnable, generating over $650 million in revenues across 3,500+ points of sale in 86+ countries.
As part of the partnership, AWWG becomes the official agent for DKNY, Donna Karan, and Karl Lagerfeld in Spain and Portugal. G-III plans to leverage AWWG's presence in India to expand its key brands, while AWWG will benefit from G-III's North American operations. This strategic move aligns with G-III's growth priorities and aims to accelerate international expansion of its owned brands.
G-III Apparel Group, (Nasdaq: GIII) ha aumentato il suo investimento in All We Wear Group (AWWG) dal 12% a circa il 19%. AWWG, una piattaforma di riferimento per marchi internazionali, possiede Pepe Jeans London, Hackett e Façonnable, generando oltre 650 milioni di dollari di ricavi in più di 3.500 punti vendita in oltre 86 paesi.
Come parte della partnership, AWWG diventa l'agente ufficiale per DKNY, Donna Karan e Karl Lagerfeld in Spagna e Portogallo. G-III intende sfruttare la presenza di AWWG in India per espandere i suoi marchi chiave, mentre AWWG beneficerà delle operazioni di G-III in Nord America. Questa mossa strategica si allinea con le priorità di crescita di G-III e mira ad accelerare l'espansione internazionale dei suoi marchi di proprietà.
G-III Apparel Group, (Nasdaq: GIII) ha incrementado su inversión en All We Wear Group (AWWG) del 12% a aproximadamente el 19%. AWWG, una plataforma de primer nivel para marcas internacionales, es propietaria de Pepe Jeans London, Hackett y Façonnable, generando más de 650 millones de dólares en ingresos a través de más de 3,500 puntos de venta en más de 86 países.
Como parte de la asociación, AWWG se convierte en el agente oficial de DKNY, Donna Karan y Karl Lagerfeld en España y Portugal. G-III planea aprovechar la presencia de AWWG en India para expandir sus marcas clave, mientras que AWWG se beneficiará de las operaciones de G-III en Norteamérica. Este movimiento estratégico se alinea con las prioridades de crecimiento de G-III y tiene como objetivo acelerar la expansión internacional de sus marcas propias.
G-III Apparel Group, (Nasdaq: GIII)가 All We Wear Group (AWWG)에 대한 투자를 12%에서 약 19%로 증가시켰습니다. AWWG는 페페 진스 런던, 해킷, 파송나블과 같은 국제 브랜드의 주요 플랫폼으로, 86개국에서 3,500개 이상의 판매 지점을 통해 6억 5천만 달러 이상의 수익을 창출하고 있습니다.
파트너십의 일환으로 AWWG는 스페인과 포르투갈에서 DKNY, 도나 카란 및 칼 라거펠트를 위한 공식 대리인이 됩니다. G-III는 AWWG의 인도 내 존재를 활용하여 주요 브랜드를 확장할 계획이며, AWWG는 G-III의 북미 사업으로부터 이익을 얻을 것입니다. 이 전략적 움직임은 G-III의 성장 우선 사항과 일치하며, 자사 브랜드의 국제적 확장을 가속화하는 것을 목표로 하고 있습니다.
G-III Apparel Group, (Nasdaq: GIII) a augmenté son investissement dans All We Wear Group (AWWG) de 12% à environ 19%. AWWG, une plateforme de premier plan pour les marques internationales, possède Pepe Jeans London, Hackett et Façonnable, générant plus de 650 millions de dollars de chiffre d'affaires à travers plus de 3 500 points de vente dans plus de 86 pays.
Dans le cadre du partenariat, AWWG devient l'agent officiel de DKNY, Donna Karan et Karl Lagerfeld en Espagne et au Portugal. G-III prévoit de tirer parti de la présence d'AWWG en Inde pour développer ses marques phares, tandis qu'AWWG bénéficiera des opérations nord-américaines de G-III. Ce mouvement stratégique s'aligne avec les priorités de croissance de G-III et vise à accélérer l'expansion internationale de ses marques détenues.
G-III Apparel Group, (Nasdaq: GIII) hat seine Investition in die All We Wear Group (AWWG) von 12% auf etwa 19% erhöht. AWWG, eine führende Plattform für internationale Marken, besitzt Pepe Jeans London, Hackett und Façonnable und erzielt über 650 Millionen Dollar Umsatz über mehr als 3.500 Verkaufsstellen in über 86 Ländern.
Im Rahmen der Partnerschaft wird AWWG der offizielle Vertreter für DKNY, Donna Karan und Karl Lagerfeld in Spanien und Portugal. G-III plant, die Präsenz von AWWG in Indien zu nutzen, um seine wichtigsten Marken zu erweitern, während AWWG von den nordamerikanischen Operationen von G-III profitieren wird. Dieser strategische Schritt entspricht den Wachstumsprioritäten von G-III und zielt darauf ab, die internationale Expansion ihrer eigenen Marken zu beschleunigen.
- Increased ownership stake in AWWG from 12% to 19%
- Partnership expands G-III's brand presence in Spain, Portugal, and India
- Access to AWWG's network of 3,500+ points of sale in 86+ countries
- Potential for accelerated international growth of G-III's owned brands
- None.
G-III Apparel Group's increased investment in AWWG from
Key points to consider:
- Market Access: The deal gives G-III's brands like DKNY, Donna Karan and Karl Lagerfeld official representation in Spain and Portugal, potentially boosting European sales.
- Indian Market Opportunity: Leveraging AWWG's presence in India, one of the world's fastest-growing fashion markets, could be a game-changer for G-III's expansion strategy, particularly for DKNY.
- North American Synergies: AWWG stands to benefit from G-III's strong North American operations, which could lead to increased revenues for both entities.
- Brand Portfolio Diversification: This investment further diversifies G-III's already impressive portfolio of over 30 brands, potentially reducing risk and increasing overall market share.
While the financial terms of the increased investment weren't disclosed, this move aligns with G-III's strategic priorities and could accelerate growth. Investors should monitor how this partnership translates into tangible revenue growth and market share gains in the coming quarters.
G-III Apparel Group's expanded investment in AWWG is a calculated move to capitalize on global fashion market trends. Here's why this partnership is significant:
- European Market Penetration: With AWWG's strong presence in Europe, G-III can potentially accelerate the growth of its owned brands like DKNY and Karl Lagerfeld in key markets such as Spain and Portugal.
- Indian Market Opportunity: India's fashion market is projected to grow at a CAGR of
7.2% between 2023-2028. G-III's strategy to leverage AWWG's presence in India, particularly for DKNY, could tap into this burgeoning market. - Cross-Continental Synergies: The reciprocal arrangement where AWWG benefits from G-III's North American operations creates a symbiotic relationship that could drive growth on both sides of the Atlantic.
- Brand Portfolio Strength: G-III's diverse portfolio of over 30 brands, combined with AWWG's iconic brands like Pepe Jeans London and Hackett, creates a formidable force in the global fashion industry.
This strategic move positions G-III to potentially outperform market growth rates in key regions. Investors should watch for increased market share and revenue growth in European and Indian markets as indicators of this partnership's success.
- Partnership Accelerates the International Expansion of G-III’s Owned Brands -
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We are pleased to expand our investment in AWWG and strongly believe this partnership is another growth opportunity for our business. This transaction reinforces our strategic priorities and we look forward to further developing our relationship with AWWG and its talented team, as we accelerate our collective businesses.”
About G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd., a global leader in fashion with expertise in design, sourcing and marketing, owns and licenses a portfolio of over 30 preeminent brands. The Company is differentiated across unique brand propositions, product categories and consumer touch points. G-III owns ten iconic brands including, DKNY, Karl Lagerfeld, Donna Karan and Vilebrequin, and licenses over 20 brands, including Calvin Klein, Tommy Hilfiger, Nautica, Halston and National Sports leagues, among others.
Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, risks related to the reliance on licensed product, risks relating to G-III’s ability to increase revenues from sales of its other products, new acquired businesses or new license agreements as licenses for Calvin Klein and Tommy Hilfiger product expire on a staggered basis, reliance on foreign manufacturers, risks of doing business abroad, supply chain disruptions, risks related to acts of terrorism and the effects of war, the current economic and credit environment risks related to our indebtedness, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, risks related to G-III’s ability to reduce the losses incurred in its retail operations, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, the impact on G-III’s business of the imposition of tariffs by
About All We Wear Group (AWWG)
At AWWG transformation is embedded in our DNA. Founded in 1998 under the name of Pepe Jeans Group, with headquarters in
AWWG currently has over 3,500 points of sale, with a presence in 86 countries globally and a workforce of more than 4,500 employees of 79 nationalities. As a global retail platform, the Group is committed to constant evolution and to create brand equity by transformation, in line with the changes, challenges, and inherent needs of the industry. The three iconic brands are unified as part of AWWG while each maintaining their own strong DNA and values, built up over thirty years in the retail sector with strong design teams, product development and brand enhancement. AWWG continuously evolves, pushing the limits and defying the status quo to create value through innovative, aspirational, and sustainable product that prioritize excellence, craftsmanship, differentiation, and quality.
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G-III Apparel Group, Ltd.
Company Contact:
Priya Trivedi
SVP of Investor Relations and Treasurer
(646) 473-5228
Company Media Contact:
Andrew Blecher
andrew.blecher@kekstcnc.com
Source: G-III Apparel Group, Ltd.
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