G-III Apparel signs new Camuto license
Outerwear and sportswear manufacturer G-III Apparel Group, Ltd. has executed its first license for the Andrew Marc brand. G-III and women’s fashion footwear and lifestyle brand Camuto Group, headed by Vince Camuto, have entered into a license agreement that will last until January 31, 2013, for Camuto Group to design, market, and distribute women’s footwear under the Andrew Marc and Marc New York brand names. Products are likely to begin distribution for the autumn 2009 season.
G-III Apparel acquired high-end outerwear and handbag supplier Andrew Marc for approximately $42 million in February. 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.
