G-III Apparel Completes Marc Jacobs Acquisition, Reports Q2 Results

What happened

G-III Apparel Group, Ltd. (NASDAQ: GIII), a New York-based apparel maker and licensor of brands such as DKNY and Calvin Klein, announced on September 2, 2026, that it had completed its previously announced acquisition of the Marc Jacobs business from LVMH Moet Hennessy Louis Vuitton Inc. and its affiliates. The transaction closed as of September 1, 2026.

The company also reported results for its fiscal second quarter ended July 31, 2026, in a separate press release furnished with the filing. Shares closed at $27.23 on September 2, down 4.36% from the prior close of $28.47.

The filing covers several items: entry into a material agreement, completion of an acquisition, results of operations, and Regulation FD disclosure (the issuance of related press releases).

The acquisition structure

The Marc Jacobs business was acquired through a joint venture between G-III and WHP Global, a brand management firm. A newly formed entity, MJ Topco LLC ("IPCo"), acquired all of Marc Jacobs Holdings, LLC, and then G-III purchased the operating business from IPCo through its subsidiaries. IPCo retained the Marc Jacobs intellectual property, which G-III will license for its operations.

G-III funded its approximately $500 million investment using cash on hand and borrowings under its revolving credit facility. The company will operate the Marc Jacobs business under an exclusive license from IPCo covering the U.S., Canada, Mexico, and Western Europe, for products including apparel, handbags, footwear, and accessories.

The license runs through December 2041 and automatically renews for up to ten successive five-year terms. IPCo is jointly owned by G-III and WHP Global, each holding 50% of the membership interests, with WHP appointing three of the five board managers initially.

What this means

An 8-K is a current report that public companies file with the SEC to disclose significant events that shareholders should know about. This one combines several such events: a completed acquisition (Item 2.01), a material agreement (Item 1.01, the license and operating agreements), and an earnings release (Item 2.02). The Regulation FD item (7.01) covers the company's press release announcing the closing, ensuring the information is publicly disclosed to all investors at once.

The Marc Jacobs license is a key element: G-III does not own the brand outright but has the right to use it for a long term. The operating agreement gives G-III and WHP equal ownership of the intellectual property holding company, but G-III runs the actual business under license.

The company says it will file financial statements for the acquired business and pro forma financial information no later than 71 calendar days after the required filing date. That means investors can expect more detailed financials of the Marc Jacobs business and projections of combined results within the coming weeks.

The earnings release (Exhibit 99.1) includes fiscal Q2 results for the quarter ended July 31, 2026, which the company announced on the same day. The share price decline on the announcement suggests the market reaction to either the earnings or the deal terms was negative, but the filing text does not provide details on the financial results or the reasons for the stock move.