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Macy's G-III Agreement for DKNY Women's Apparel and Accessories
Macy's G-III Agreement for DKNY Women's Apparel and Accessories
Macy's and G-III Sign Exclusive Agreement for DKNY Women's Apparel and
Accessories
Macy's, Inc., one of the nation's premier retailers, and G-III
Apparel Group, Ltd., a leading manufacturer and distributor of apparel and
accessories under licensed brands, owned brands and private label brands, today
announced an agreement under which Macy's will serve, beginning February
2018, as the exclusive U.S. department store for sales of DKNY women's apparel
and accessories.
Under the agreement, Macy's exclusivity covers DKNY women's apparel, handbags
and shoes, in addition to women's and men's outerwear and swim, which will be
available at Macy's locations nationwide and on macys.com. Macy's and G-III will
work closely on brand extensions and exclusive products that build upon the
founding principles of the iconic New York-based brand. The agreement also plans
for increased and enhanced DKNY shop-in-shops in Macy's stores.
"We want to create partnerships that offer our customers products and
experiences that they can find only at Macy's, and DKNY is a fashion-first brand
we know our customers love," said Jeff Gennette, president and
chief executive officer of Macy's, Inc. "By offering exclusive access in key
categories, we are confident that DKNY will quickly become one of our top
brands.
Their remarkable global recognition combined with our expansive
footprint make Macy's and DKNY a perfect partnership."
"We believe that Macy's is the ideal partner as we implement our strategy for
DKNY to be the premier brand in the world for women's apparel and accessories,"
said Morris Goldfarb, chairman and chief executive officer of
G-III. "We have worked well with Macy's in the past with respect to our
portfolio of brands and we are confident that this partnership with Macy's will
help DKNY flourish and capture market share."
G-III will continue to operate the freestanding global DKNY stores and
DKNY.com. G-III also will maintain DKNY's agreements with international license
partners and distributors outside of the United States. Products outside the
exclusive categories and products distributed by DKNY's various licensees under
other categories in the DKNY family will continue to be sold to a broad range of
department stores, including Macy's.
About G-III Apparel Group, Ltd.
G-III is a leading manufacturer and distributor of apparel and accessories
under licensed brands, owned brands and private label brands. G-III's owned
brands include Donna Karan, DKNY, Vilebrequin, Eliza J.,
Andrew Marc, Marc New York, Bass, and Jessica
Howard. G-III has fashion licenses under the Calvin Klein, Tommy
Hilfiger, Karl Lagerfeld, Kenneth Cole,
Cole Haan, Guess?, Vince Camuto,
Ivanka Trump, Kensie, Jessica Simpson, Levi's
and Dockers brands. Through its team sports business, G-III has licenses with
the National Football League, National Basketball
Association, Major League Baseball, National Hockey
League, Hands High, Touch by Alyssa Milano and
more than 100 U.S. colleges and universities. G-III also operates retail stores
under the DKNY, Wilsons Leather, Bass, Vilebrequin and Calvin Klein Performance
names.
About DKNY
DKNY is one of the world's leading fashion brands. From the house founded by
Donna Karan in 1984, DKNY emerged in 1989. The company designs,
markets and distributes collections of apparel, accessories, footwear and select
licensed product with distribution in free standing stores and select department
and specialty stores globally. The label continues to merge modern tailoring
with sophisticated ease, celebrating the aspirational and practical spirit of
New York. Acquired
by G-III Apparel Group in December 2016, the company
continues to be recognized as one of the most heralded names in American
fashion.
About Macy's, Inc.
Macy's, Inc. is one of the nation's premier retailers. With fiscal 2016 sales
of $25.778 billion and approximately 140,000 employees, the
company operates more than 700 department stores under the nameplates Macy's and
Bloomingdale's, and approximately 125 specialty stores that include
Bloomingdale's The Outlet, Bluemercury and Macy's Backstage. Macy's, Inc.
operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com,
bloomingdales.com and bluemercury.com. Bloomingdale's stores in Dubai and Kuwait are operated by
Al Tayer Group LLC under license agreements. Macy's, Inc. has
corporate offices in Cincinnati, Ohio, and New York, New York.
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