NEW YORK--(BUSINESS WIRE)--
G-III Apparel Group, Ltd. (NasdaqGS:GIII) announced today the completion
of its two-for-one stock split. The stock split was effected by the
distribution after the market close today of one additional share of
G-III common stock for each share of G-III common stock outstanding and
held by stockholders of record at the close of business on April 20,
2015. After giving effect to the stock split, the Company will have
approximately 45.0 million shares of common stock outstanding. The
Company's common stock is scheduled to begin trading on a post-split
basis on the NASDAQ Stock Market as of the market opening on May 4, 2015.
About G-III Apparel Group, Ltd.
G-III is a leading manufacturer and distributor of outerwear, dresses,
sportswear, swimwear, women's suits, women's performance wear, footwear,
luggage, women's handbags, small leather goods and cold weather
accessories under licensed brands, owned brands and private label
brands. G-III sells swimwear, resort wear, and related accessories under
our own Vilebrequin brand. G-III also sells outerwear, dresses, and
performance wear under our own Andrew Marc and Marc New York brands, and
has licensed these brands to select third parties in certain product
categories. G-III has fashion licenses under the Calvin Klein, Kenneth
Cole, Cole Haan, Guess?, Tommy Hilfiger, Jones New York, Jessica
Simpson, Vince Camuto, Ivanka Trump, Ellen Tracy, Kensie, Levi's and
Dockers brands. Through our team sports business, we have licenses with
the National Football League, National Basketball Association, Major
League Baseball, National Hockey League, Touch by Alyssa Milano and more
than 100 U.S. colleges and universities. Our other owned brands include
Bass, G.H. Bass, G-III Sports by Carl Banks, Eliza J, Black Rivet and
Jessica Howard. G-III also operates retail stores under the Wilsons
Leather, Bass, G.H. Bass & Co., Vilebrequin and Calvin Klein Performance
names.
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, reliance on licensed
product, reliance on foreign manufacturers, risks of doing business
abroad, the current economic and credit environment, the nature of the
apparel industry, including changing customer demand and tastes,
customer concentration, seasonality, risks of operating a retail
business, customer acceptance of new products, the impact of competitive
products and pricing, dependence on existing management, possible
disruption from acquisitions and general economic conditions, as well as
other risks detailed in G-III's filings with the Securities and Exchange
Commission. G-III assumes no obligation to update the information in
this release.
G-III Apparel Group, Ltd.
Neal S. Nackman, 212-403-0500
Chief
Financial Officer
or
Investor Relations:
ICR, Inc.
James
R. Palczynski, 203-682-8229
Source: G-III Apparel Group, Ltd.
News Provided by Acquire Media
