G-III’s (GIII) $1.2B Bet On Life After Calvin Klein

G-III Apparel released second-quarter fiscal 2027 results on September 2, one day after completing its acquisition of Marc Jacobs on September 1. The company is transitioning away from its longtime licenses for Calvin Klein and Tommy Hilfiger, owned by PVH, and shifting toward brands it controls directly.
Net sales declined 10% to $554.1 million from $613.3 million in the prior-year quarter, aligning with management’s expectations given the exit from the two licensed brands. However, gros