G-III Forms Marc Jacobs IP Joint Venture With WHP

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks G-III Apparel Group ( (GIII) ) has shared an update. On May 14, 2026, G-III Apparel Group announced a definitive agreement with WHP Global to form a 50/50 joint venture that will own the Marc Jacobs brand’s intellectual property. G-III will acquire and run the global Marc Jacobs operating business after WHP Global closes its purchase of the brand, while WHP will oversee licensing, effectively splitting operational and IP management roles. A series of agreements outline the structure: G-III will invest about $500 million funded by cash and its revolver, enter a long-term license for Marc Jacobs in North America and Western Europe, and guarantee performance under various transition and equity purchase arrangements. The deal, expected to close in G-III’s fiscal third quarter of 2027 subject to regulatory approvals, will initially be earnings dilutive before turning accretive, and adds an iconic global label that strengthens G-III’s brand portfolio and long-term growth strategy. The most recent analyst rating on (GIII) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on G-III Apparel Group stock, see the GIII Stock Forecast page. Spark’s Take on GIII Stock According to Spark, TipRanks’ AI Analyst, GIII is a Neutral. The score is primarily supported by strong financial flexibility (very low leverage and solid free cash flow), but is held back by a sharp 2026 profitability decline and cautious FY27 guidance (lower sales/EBITDA and a near-term quarterly loss). Technical momentum is weak, while valuation signals are mixed due to the negative P/E and a modest dividend yield. To see Spark’s full report on GIII stock, click here. More about G-III Apparel Group G-III Apparel Group, Ltd. is a global fashion company specializing in the design, sourcing, distribution and marketing of apparel and accessories. The New York-based group owns ten premium brands, including DKNY, Donna Karan, Karl Lagerfeld and Vilebrequin, and licenses more than 20 labels such as Calvin Klein, Tommy Hilfiger, Levi’s and major U.S. sports leagues. Its portfolio spans multiple product categories and consumer segments, with a focus on leveraging brand equity through wholesale, retail and e-commerce channels. The company partners with leading retailers and operates across international markets, positioning itself as a diversified brand and licensing platform in the fashion industry. Average Trading Volume: 539,607 Technical Sentiment Signal: Buy Current Market Cap: $1.25B