Joint VentureMay 14, 2026, 05:32 PM
G-III Apparel Forms JV with WHP Global for Marc Jacobs Brand; $500M Investment
AI Summary
G-III Apparel Group, Ltd. announced a definitive agreement with WHP Global to form a 50/50 strategic joint venture for the Marc Jacobs brand. G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations. G-III's investment is approximately $500 million, funded by cash on hand and revolving credit. The transaction is expected to be dilutive for the first 12 months post-closing, with accretion anticipated thereafter, and is slated to close in G-III's fiscal third quarter of 2027.
Key Highlights
- G-III Apparel Group forms a 50/50 strategic joint venture with WHP Global for the Marc Jacobs brand.
- G-III will acquire and manage the global Marc Jacobs operating business.
- G-III's investment in the joint venture is approximately $500 million.
- The investment will be funded using cash on hand and borrowings under its revolving credit facility.
- The transaction is expected to be dilutive during the first 12 months after closing, with accretion thereafter.
- Closing is subject to regulatory approval and is expected in G-III's fiscal third quarter of 2027.
Price Impact
More from GIII