Outerwear and sportswear manufacturer G-III Apparel Group, Ltd. has acquired high-end outerwear and handbag supplier Andrew Marc for approximately $42 million.

The Andrew Marc business recorded approximately $80 million of net sales under the Andrew Marc, Marc New York, and licensed Dockers and Levi’s brands in 2007.

G-III has licenses, with brands such as Calvin Klein, Guess?, Tommy Hilfiger and Donald Trump, and sports licences with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Louisville Slugger, World Poker Tour and more than 60 universities across the USA.

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