G-III Apparel forms 50/50 joint venture with WHP to acquire Marc Jacobs, will operate brand

Filed May 14, 2026 · Period ending May 14, 2026 · ~2 min read

Key Changes

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  G-III is forming a 50/50 joint venture with WHP Global Partners to acquire Marc Jacobs Holdings, with G-III committing equity capital matching WHP's contribution. Immediately after the JV acquires Marc Jacobs, G-III will purchase the operating business while the brand IP remains with the JV.

  Item 1.01: Entry into Material Agreement verify on EDGAR →
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  G-III will receive an exclusive license to operate Marc Jacobs retail stores, e-commerce, and distribute key product categories (apparel, handbags, footwear, accessories) in the US, Canada, Mexico, and Western Europe through December 2041, with automatic 5-year renewals.

  Item 1.01: License Agreement verify on EDGAR →
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  The JV will have a 5-member board with WHP appointing 3 managers and G-III appointing 2, despite equal ownership. Major decisions require both members' approval. Neither party can transfer ownership stakes for 3 years after closing.

  Item 1.01: JV Governance verify on EDGAR →