G-III Apparel Group to acquire Marc Jacobs in ~$500M joint venture with WHP Global

G III APPAREL GROUP LTD /DE/

G-III invests ~$500M to acquire Marc Jacobs operating business; funds via cash and revolver.
JV with WHP Global will own Marc Jacobs IP; G-III holds 50% stake and operates under long-term license.
Transaction expected to close in fiscal Q3 2027, subject to regulatory approvals.
Deal expected to be dilutive first 12 months post-close, then accretive; LVMH is seller.

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