Karl Lagerfeld

G-III Apparel Group, Ltd. Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Provides Fiscal 2025 Outlook

Retrieved on: 
Thursday, March 14, 2024
Retail, Textiles, Manufacturing, Fashion, Growth, DKNY, Acquisition, Karl Lagerfeld, Table, Donna Karan, Bank statement, Earnout, GAAP, Nautica, Halston, Pharmaceutical industry

G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.

Key Points: 
  • G-III Apparel Group, Ltd. (NasdaqGS: GIII) today reported results for the fourth quarter and full fiscal year ended January 31, 2024.
  • Last year’s fourth quarter included a $291.5 million non-cash goodwill impairment charge, net of tax, or $6.19 per share.
  • Non-GAAP net income per diluted share was $0.76 for the fourth quarter compared to $0.41 in the same period last year.
  • This compares to non-GAAP net income of $6.0 million, or $0.13 per diluted share, for the first quarter of fiscal 2024.

G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, December 5, 2023
Retail, Textiles, Manufacturing, Fashion, Credit Suisse First Boston, EBITDA, Nautica, Acquisition, DKNY, Bank statement, Halston, Karl Lagerfeld, Communication, G-III, Lehman Brothers, Information technology, Panzer corps, Credit Suisse, GAAP, Table, Growth, Barclays, Management, Pharmaceutical industry

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the third quarter of fiscal 2024, ended October 31, 2023.

Key Points: 
  • G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the third quarter of fiscal 2024, ended October 31, 2023.
  • The Company today raised its GAAP and Non-GAAP net income per diluted share guidance for the fiscal year ending January 31, 2024.
  • The Company is anticipating non-GAAP net income for fiscal 2024 between $182 million and $187 million, or between $3.90 and $4.00 per diluted share.
  • The Company is projecting full-year adjusted EBITDA for fiscal 2024 between $317 million and $322 million compared to adjusted EBITDA of $266.1 million in fiscal 2023.

G-III Apparel Group, Ltd. Announces Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, September 7, 2023
Other Manufacturing, Luxury, Textiles, Department Stores, Other Retail, Manufacturing, Fashion, Retail, Footwear, Online Retail, Heart, Karl Lagerfeld, DKNY, EBITDA, Acquisition, Hanesbrands, GAAP, Table, Champion, Agility, Bank statement, Pharmaceutical industry, Video game, Security (finance), Bookkeeping

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the second quarter of fiscal 2024, ended July 31, 2023.

Key Points: 
  • G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global leader in fashion with expertise in design, sourcing, and manufacturing, today announced results for the second quarter of fiscal 2024, ended July 31, 2023.
  • Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “For the second quarter of fiscal 2024, we once again beat both our top and bottom line guidance and made progress on our strategic priorities.
  • The aggregate effect of these exclusions was equal to $0.05 per diluted share in the second quarter of this year and $(0.35) per diluted share in the second quarter of fiscal 2023.
  • The Company expects net income for the third quarter of fiscal 2024 between $94 million and $99 million or between $1.99 and $2.09 per diluted share.

G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, June 6, 2023
Manufacturing, Fashion, Other Manufacturing, Textiles, Retail, Table, Nautica, Bank statement, Karl Lagerfeld, GAAP, DKNY, EBITDA, Acquisition, G-III, Growth, Security (finance), Bookkeeping, Halston

G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced operating results for the first quarter of fiscal 2024, ended April 30, 2023.

Key Points: 
  • G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced operating results for the first quarter of fiscal 2024, ended April 30, 2023.
  • The Company is anticipating non-GAAP net income for fiscal 2024 between $132.0 million and $137.0 million, or between $2.80 and $2.90 per diluted share.
  • The Company is projecting full-year adjusted EBITDA for fiscal 2024 between $267.0 million and $272.0 million compared to adjusted EBITDA of $266.1 million in fiscal 2023.
  • The Company is anticipating non-GAAP results for second quarter of fiscal 2024 between a net loss of $(3.0) million and net income of $2.0 million, or between $(0.06) and $0.04 per diluted share.

FORBES TRAVEL GUIDE UNVEILS 2023 STAR AWARDS

Retrieved on: 
Wednesday, February 15, 2023
Restaurant, Fairmont Pacific Rim, Kimpton Fitzroy London Hotel, Celebrity Summit, Travel, Belmond Hotel das Cataratas, Four star, Rocco Forte Hotels, The Ritz-Carlton Hotel Company, SOMM, Pictou County Wellness Centre, The Landmark (Hong Kong), Belmond Grand Hotel Timeo, Raffles Hotel, Four Seasons Hotels and Resorts, Five star, Forbes Travel Guide, Health Star Rating System, London Court, Growth, Four Seasons Hotel Madrid, Kingdom Centre, FTG, Ship, Season, Celebrity Millennium, Celebrity Flora, Ashford Castle, Four Seasons Hotel Atlanta, Celebrity Apex, Star Awards, Karl Lagerfeld, Celebrity Edge, Bellagio (resort), Grand Hotel Quisisana, Hotel, The Well Spa, Rating, Jumeirah, Capri

ATLANTA, Feb. 15, 2023 /PRNewswire/ -- Forbes Travel Guide ("FTG")—the only independent, global rating system for luxury hotels, restaurants and spas—today unveiled its 2023 Star Awards, including its inaugural ocean cruise ratings. See the full list of honorees on ForbesTravelGuide.com.

Key Points: 
  • ATLANTA, Feb. 15, 2023 /PRNewswire/ -- Forbes Travel Guide ("FTG")—the only independent, global rating system for luxury hotels, restaurants and spas—today unveiled its 2023 Star Awards, including its inaugural ocean cruise ratings.
  • Here are some highlights from the 2023 winners:
    FTG announced its first-ever ocean cruise ratings with five ships.
  • "Travel is in an incredible position for continued growth, as people prioritize authentic, in-person experiences," said Amanda Frasier, President of Ratings for Forbes Travel Guide.
  • Connect with Forbes Travel Guide:

G-III Apparel Group Completes Acquisition of Iconic Karl Lagerfeld Brand

Retrieved on: 
Thursday, June 2, 2022
Online Retail, Fashion, Other Retail, Retail, Department Stores, Woman, DKNY, G-III, Intuition, Man, G-III Apparel Group, National Football League, Forward-looking statement, Security (finance), AFL, Securities and Exchange Commission (Philippines), Climate, Sonia, Creativity, Docker, Hand, DNA, National Basketball Association, Acquisition, COVID-19, KARL, Federal Security Agency, Karl Lagerfeld, Major League Baseball, National Hockey League, Industry, Calvin Klein, House, Family, Biodiversity, Design, University, Fashion, Vilebrequin

As a result of the transaction, the Karl Lagerfeld brand is wholly owned by subsidiaries of G-III Apparel Group, Ltd.

Key Points: 
  • As a result of the transaction, the Karl Lagerfeld brand is wholly owned by subsidiaries of G-III Apparel Group, Ltd.
    G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands.
  • G-IIIs owned brands include DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H.
  • G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld, Karl Lagerfeld Paris and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather and G.H.
  • The House of KARL LAGERFELD shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit.

G-III Apparel Group to Purchase Iconic Karl Lagerfeld Brand

Retrieved on: 
Monday, May 2, 2022
Manufacturing, Fashion, Cosmetics, Textiles, Retail, COVID-19, Trust, Securities and Exchange Commission (Philippines), National Football League, Forward-looking statement, National Hockey League, Sonia, Woman, University, Karl Lagerfeld, Federal Security Agency, Lagerfeld, Company, House, National Basketball Association, Hand, Security (finance), AFL, Intuition, Partnership, Design, Creativity, Family, Industry, KARL, DNA, Biodiversity, G-III, G-III Apparel Group, Simpson Thacher & Bartlett, DKNY, Climate, Calvin Klein, Ownership, Investor relations, Growth, Man, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Major League Baseball, Acquisition, Docker, Pharmaceutical industry, Sales, Tourism, Fashion, Online shopping, Retail, Vilebrequin

G-III currently owns 19% of the brand and, through this transaction, will become the sole owner of the Karl Lagerfeld brand.

Key Points: 
  • G-III currently owns 19% of the brand and, through this transaction, will become the sole owner of the Karl Lagerfeld brand.
  • Fully owning this visionary brand is a continuation of our successful partnership with the Karl Lagerfeld management team.
  • The Karl Lagerfeld brand celebrates the iconic vision of its namesake founder while inspiring reinvention and bringing his legacy into the future.
  • The House of KARL LAGERFELD shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit.

DKNY and Karl Lagerfeld Premiere on ShopHQ in May

Retrieved on: 
Tuesday, May 26, 2020
Clothing, Culture, Fashion, Gay men, Karl Lagerfeld, DKNY, ShopHQ, Sportswear, Lagerfeld, G-III Apparel Group

MINNEAPOLIS, May 26, 2020 (GLOBE NEWSWIRE) -- iMedia Brands (NASDAQ: IMBI) launched DKNY on ShopHQ on May 21st and ShopHQ will launch Karl Lagerfeld Paris on May 28th.

Key Points: 
  • MINNEAPOLIS, May 26, 2020 (GLOBE NEWSWIRE) -- iMedia Brands (NASDAQ: IMBI) launched DKNY on ShopHQ on May 21st and ShopHQ will launch Karl Lagerfeld Paris on May 28th.
  • DKNY launched in 1989 and has become a lifestyle brand celebrating New York, featuring sportswear, handbags and accessories.
  • Karl Lagerfeld is a fashion icon and one of the most celebrated designers of our time.
  • Karl Lagerfeld Paris is a lifestyle collection of sportswear, outerwear, dresses, footwear and handbags.

Inter Parfums, Inc. Reports 2019 Fourth Quarter and Full Year Sales

Retrieved on: 
Monday, January 27, 2020
Cosmetics, Retail, Luxury, Fashion, Culture, Luxury brands, Brands, Van Cleef & Arpels, Karl Lagerfeld, Oscar de la Renta, FiFi Awards, Perfumers

Coach brand sales were also down slightly in 2019 in actual dollars but ahead of 2018 in constant dollars; of note, Coach brand sales in 2018 were 73.3% ahead of the prior year.

Key Points: 
  • Coach brand sales were also down slightly in 2019 in actual dollars but ahead of 2018 in constant dollars; of note, Coach brand sales in 2018 were 73.3% ahead of the prior year.
  • Two of our mid-sized brands, Karl Lagerfeld and Van Cleef & Arpels, achieved year-over-year sales growth of 5.0% and 6.8%, respectively.
  • Oscar de la Renta fragrance sales rose slightly, supported by legacy scents and our growing Bella fragrance family.
  • Inter Parfums does not intend to and undertakes no duty to update the information contained in this press release.

GNC Welcomes New Chief U.S. Officer as it Completes Leadership Evolution

Retrieved on: 
Friday, December 13, 2019
Clothing, Fashion, Brands, Wilsons Leather, Karl Lagerfeld, Calvin Klein, Retail, GNC, DKNY, Burris

Burris will be responsible for GNCs retail and franchise operations, merchandising, supply chain strategy as well as strategic partnerships in the United States.

Key Points: 
  • Burris will be responsible for GNCs retail and franchise operations, merchandising, supply chain strategy as well as strategic partnerships in the United States.
  • He will report directly to Ken Martindale, Chairman and Chief Executive Officer ofGNC.
  • Most recently, Burris served as President and Chief Operating Officer of AM Retail Group, Inc. (Wilsons Leather, GH Bass, DKNY, Karl Lagerfeld Paris, and Calvin Klein Performance stores).
  • We are excited to welcome him to the GNC family and look forward to his leadership focus, brand innovation and global perspective as we continue to evolve as a company.