Joint VentureMay 14, 2026, 05:16 PM
G-III Forms Marc Jacobs JV, Acquires Operating Business for $500M
AI Summary
G-III Apparel Group announced a definitive agreement with WHP Global to form a 50/50 joint venture for the Marc Jacobs brand's intellectual property. G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will oversee licensing operations. G-III's investment of approximately $500 million will be funded by cash on hand and borrowings under its revolving credit facility. The company expects the transaction to be dilutive in the first 12 months post-closing, with accretion thereafter, and anticipates closing in fiscal Q3 2027.
Key Highlights
- G-III Apparel Group formed a 50/50 joint venture with WHP Global for Marc Jacobs' intellectual property.
- G-III will acquire and manage the global Marc Jacobs operating business.
- WHP Global will manage Marc Jacobs' licensing operations.
- G-III's investment is approximately $500 million, funded by cash and credit facility.
- The transaction is expected to be dilutive for the first 12 months, then accretive.
- Closing is anticipated in G-III's fiscal third quarter of 2027, pending regulatory approval.