G-III Apparel Group, Ltd. Announces Election of Pieter Deiters to Its Board of Directors
Mr. Deiters has more than 35 years experience in the fashion apparel industry. Mr. Deiters was employed at Berghaus International Fashion Group, a leading European manufacturer of outdoor clothing, from 1967-1993, where he served as Chairman from 1972 through 1993. From 1993 to 1998, Mr. Deiters served as a board member to Coats Vyella PCL. Since 1998, he has been serving in various capacities such as a project consultant, advisor and supervisory board member to various organizations including the European Bank for Reconstruction and Development, the International Finance Cooperation, Royal Ten Cate, Forbo Holding AG, and Greenfield Capital Partners.
Morris Goldfarb, G-III's Chief Executive Officer, said, "We are very pleased to have Pieter join our Board of Directors. He brings a wealth of industry knowledge, strategic insight and experience to our business. We look forward to benefiting from his contributions to our Board."
About G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd. is a leading manufacturer and distributor of outerwear and sportswear under licensed labels, our own labels and private labels. The Company has fashion licenses with Kenneth Cole, Nine West, Timberland, Cole Haan, Cece Cord, Jones Apparel, Sean John, Bill Blass, and James Dean and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Louisville Slugger, NASCAR, World Poker Tour and more than 60 universities nationwide. Company-owned labels include, among others, Black Rivet, Colebrook and Siena Studio.
Statements concerning the Company'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 include, but are not limited to, reliance on foreign manufacturers, the nature of the apparel industry, including changing customer demand and tastes, reliance on licensed product, seasonality, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this release.
Contacts:
G-III Apparel Group, Ltd.
Investor Relations
James Palczynski, 203-222-9013
or
G-III Apparel Group, Ltd.
Wayne S. Miller, Chief Financial Officer
212-403-0500