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    G-III Apparel Completes Acquisition Of DKNY Brand

    2016/12/3 15:19:00 57

    ClothingBrandLV

     DKNY

    U.S.A

    clothing

    Manufacturing and distributor G-III Apparel Group Ltd. (NASDAQ:GIII) released its three quarter earnings after Thursday, and announced LVMH Mo t t Hennessy Louis Vuitton Vuitton (MOET & CHANDON) Hennessy.

    LV

    Group DKNY

    brand

    The acquisition of Donna Karan International Inc. (hereinafter referred to as DKI) is completed.

    According to the world clothing and shoe net, the $650 million acquisition of DKI consists of $400 million in cash, 2 million 600 thousand shares in total value of $75 million and $125 million in lien notes.

    Due to the change of DKI sovereignty, Caroline Brown, the chief executive of DKI in January 2015, also announced her resignation. The company's young creative director combination Dao-Yi Chow and Maxwell Osborne were not immune.

    G-III Apparel Group Ltd. chairman and chief executive officer Morris Goldfarb said that the acquisition of DKI DKI is in line with the long-term growth strategy of the group. The company's DKNY, Donna Karan and DKNY DKNY brand portfolio is expected to build the company into a company selling $1 billion.

    The departure of Caroline Brown also means that the founder of DKI, the most famous designer in America, Donna Karan, may return to the company.

    Morris Goldfarb also acknowledged that he contacted Donna Karan herself many times, and suggested that Donna Karan would consider the specific positioning of G-III Apparel Group Ltd. to consider whether to return.

    Designer Donna Karan in 1984 and its sculptor husband Stephen Weiss joint Inc. Takiyho co founded Donna Karan International Inc., the same name main line brand Donna Donna, but luxurious but modern and simple, 1988 launched the sub line brand, the fashion, leisure and avant-garde, the two lines all interpreted the "Wei" as the authentic NEW Yorker's atmosphere of the metropolis, and its first advocating "7 pieces of basic products" dressing way has become the modern women's dressing philosophy.

    After the listing of Donna Karan International Inc. on the New York stock exchange in 1996, with the evolution of the fashion style, the brand of the three legendary designer brands of the United States gradually faded with the evolution of the style of Calvin Klein and Ralph Lauren. Until 2001, it sold to LVMH SE, which wanted to expand the US market.

    At the end of June 2015, the departure of Donna Karan from its Donna Karan International Inc. was perhaps a relief for her, who was always unhappy with LVMH.

    Donna Karan has always believed that it can rely on the big tree of LVMH, and it can develop Donna Karan International Inc. to become a ten billion dollar company like its Calvin designer Klein and Ralph Lauren Lauren.

    Donna Karan International Inc. not only failed to get the proper development in LVMH, but on the contrary, in the group's brand development priority, it even ranked behind Marc Jacobs International LLC, which was created by the Brand Company Marc Jacobs Jacobs.

    In 2014, Donna Karan had publicly complained about LVMH's alienation from LVMH in an exclusive interview. Although she was interested, LVMH did not intend to. She even pointed out that LVMH SE had a cold shoulder in strengthening its cooperation.

    The cold shoulder of LVMH also reversed the development of Donna Karan, and even lost the important customer of high-end department store Bloomingdale "s" in 2013.

    Marc Jacobs International LLC is now the only remaining fashion business asset of LVMH in the United States.

    Along with the light luxury, LVMH tried to set up Marc Jacobs International LLC as a benchmark and split it up independently, and let Marc Jacobs quit the position of Louis Vuitton Louis Weedon, director of creative director, and concentrate on developing her career.

    But in the end, contrary to expectations, the loss of Louis Vuitton Louis Weedon aura after the loss of Marc Jacobs Jacobs's marketing ability is almost completely lost, coupled with the light luxury market easier to imitate, Marc Jacobs International LLC's current IPO message has disappeared.

    {page_break}

    G-III Apparel Group Ltd. released the three quarter results on the same day, due to quarterly earnings per share of $1.50, worse than Zacks's expected $1.53, the company's stock price plummeted after the deadline. The deadline was 9.78% PM 24.25 at 7:18 p.m.

    As of the three quarter of 2017 fiscal year ending October 31, 2016, G-III Apparel Group Ltd. recorded a 19% decline, from 87 million 156 thousand US dollars in the same period last year to 70 million 564 thousand US dollars, while EPS decreased by 19.8% compared with 1.87 in the same period last year.

    In the three quarter, G-III Apparel Group Ltd. recorded a revenue of $883 million 500 thousand, far less than Zacks's expected $937 million 800 thousand, a 2.9% decline compared with 909 million 900 thousand dollars a year earlier.

    PVH Corp. (NYSE:PVH), which released quarterly results before G-III Apparel Group Ltd., is also weak, with a dim outlook for the holiday season.

    G-III Apparel Group Ltd. is PVH Corp.'s Calvin Klein, Tommy Hilfiger production and agent, the two are Karl Karl brand shareholders.

    G-III Apparel Group Ltd. now expects EPS for the fiscal year 2017 to be US $1.41-1.51, net profit of US $6700-7200, net sales of US $2 billion 430 million.

    Excluding DKI's trading, it expects us $2 billion 410 million a year and net profit of US $8700-9300, EPS 1.86-1.96 US dollars, which is expected to be substantially lower than the previous 2 billion 480 million US dollar earnings, 1.02-1.06 billion net profit and EPS 2.16-2.26 US dollar expectations.

    PVH Corp. has also lowered its expectations. It is expected that the first quarter sales fixed exchange rate will decline after three years of unified merger of Calvin Klein brand.

    On Thursday's closing, G-III Apparel Group Ltd. NASDAQ:GIII (NASDAQ:GIII) reported a $1.03% plunge of 39.27%, which has plunged 39.27% this year, down 47.38% in December.

    More interesting reports, please pay attention to the world clothing shoes and hats net.

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