Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
G-III Apparel Group history
G-III Apparel Group company history timeline
The company expanded its product lines and began selling higher priced, more fashion-oriented women's leather apparel under the Siena label in 1981.
1981: Acquires Siena Leather Ltd., an aspirational luxury leather sportswear firm.
In December 1989, G-III, now publicly held because of the merger, collected about $18 million, and Aron Goldfarb another $6 million, in a secondary offering that marketed nearly one-third of the outstanding common stock at $13 a share.
Moderately priced apparel for women accounted for more than 85 percent of net sales in fiscal 1989, while men's wear accounted for only five percent.
Berman was not shy about what he could offer the Goldfarbs, in addition to $1.5 million in capital. "The biggest thing is that they were getting Lyle Berman," he told a reporter in 1990. "In the retail leather industry, I'm considered to be a driving force.
G-III's moderately priced apparel for women typically retailed in 1990 at from $40 for sportswear items to $300 for coats.
The early 1990’s saw an intense period of rapid growth for the company, as it worked to expand its outerwear expertise beyond leather, encompassing all fabrications.
During fiscal 1991 G-III's revenues fell to $142 million and its net income fell to $1.3 million.
Of $175.5 million in sales during fiscal 1992, leather accounted for 90 percent.
Sales fell still further in fiscal 1996, to $121.7 million, but the company lost only $397,000 by reducing costs through tighter control of inventory levels and improved product sourcing.
Also in 1997, Goldfarb rewarded Jeanette Nostra-Katz, a veteran company executive, by vacating the presidency and promoting her to the office, although he remained chief executive officer.
2005: The company acquires the Marvin Richards and Winlit outerwear brands.
2008: The company acquires Wilson’s Leather retail outlet chain.
2011: Kensie sportswear license is signed, a move that paves the way for expansion in the women’s sportswear category.
2013: Company acquires G.H. Bass & Co. from PVH Corp. in a $50 million cash transaction.
2015: The company enters into a joint venture agreement with Karl Lagerfeld Group BV, and acquires a 49 percent stake in KL North America BV.
Rate G-III Apparel Group's efforts to communicate its history to employees.
G-III Apparel Group jobs
Do you work at G-III Apparel Group?
Does G-III Apparel Group communicate its history to new hires?
G-III Apparel Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ralph Lauren | 1967 | $6.6B | 18,250 | 383 |
| LIZ CLAIBORNE | 1976 | $1.2B | 6,800 | - |
| Aeropostale | 1987 | $1.8B | 21,007 | 466 |
| Wolverine World Wide | 1883 | $1.8B | 3,700 | 106 |
| American Eagle Outfitters | 1977 | $5.3B | 37,000 | 1,243 |
| Neiman Marcus Group | 1907 | $4.9B | 13,500 | 14 |
| Chico's FAS | 1983 | $2.1B | 18,500 | 1,691 |
| Nordstrom | 1901 | $15.0B | 74,000 | 1,012 |
| Foot Locker | 1974 | $8.0B | 32,175 | 894 |
| PacSun | 1982 | $797.8M | 10,300 | 924 |
G-III Apparel Group history FAQs
Zippia gives an in-depth look into the details of G-III Apparel Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about G-III Apparel Group. The employee data is based on information from people who have self-reported their past or current employments at G-III Apparel Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by G-III Apparel Group. The data presented on this page does not represent the view of G-III Apparel Group and its employees or that of Zippia.
G-III Apparel Group may also be known as or be related to G-III Apparel Group, G-III Apparel Group Ltd, G-III Apparel Group, Ltd and G-iii Apparel Group.