--- schema_version: "secwatch.filing_event.v1" accession: "0000950142-26-001394" form_type: "8-K" ticker: "GIII" cik: "0000821002" company_name: "G III APPAREL GROUP LTD /DE/" filed_at: "2026-05-14T21:28:13+00:00" generated_at: "2026-05-14T21:31:02.324851+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # G-III Apparel Group to acquire Marc Jacobs in ~$500M joint venture with WHP Global ## Summary - 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. ## SEC filing metadata - accession: 0000950142-26-001394 - form_type: 8-K - ticker: GIII - cik: 0000821002 - company_name: G III APPAREL GROUP LTD /DE/ - filed_at: 2026-05-14T21:28:13+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 1.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/eh260778952_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950142-26-001394 - JSON: https://secwatch.observer/filing/0000950142-26-001394.json - Plain text: https://secwatch.observer/filing/0000950142-26-001394.txt ## Key facts - Material Agreements G III APPAREL GROUP LTD /DE/ entered into Transition Services Agreement with Marc Jacobs International, LVMH, Purchaser, Purchaser Parent, Company valued at transition services following Closing. - Action: entry - Counterparty: Marc Jacobs International, LVMH, Purchaser, Purchaser Parent, Company - Value: transition services following Closing source text: At Closing, Marc Jacobs International, L.L.C. ("Marc Jacobs International"), LVMH and, solely for guaranty purposes, Purchaser, Purchaser Parent and the Company will enter into a Transition Services Agreement (the "TSA"), pursuant to which, following Closing, LVMH and/or third-party providers will provide certain transition services to Marc Jacobs International and its subsidiaries. evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm - Material Agreements G III APPAREL GROUP LTD /DE/ entered into License Agreement with IPCo, G-III Leather Fashions, Inc., G-III Apparel Canada, ULC valued at exclusive license to use Marc Jacobs brands and related IP; initial term through December 2041. - Action: entry - Agreement: license - Counterparty: IPCo, G-III Leather Fashions, Inc., G-III Apparel Canada, ULC - Value: exclusive license to use Marc Jacobs brands and related IP; initial term through December 2041 source text: At Closing, IPCo, G-III Leather Fashions, Inc. and G-III Apparel Canada, ULC (together with G-III Leather Fashions, Inc., the "Licensee"), will enter into a License Agreement (the "License Agreement"), pursuant to which IPCo will provide an exclusive license to the Licensee to use the Marc Jacobs brands and related intellectual property held by IPCo, as well as certain other intellectual property rights developed in the future (collectively, the "Licensed IP") in the United States, Canada, Mexico and Western Europe for the operation of Marc Jacobs-branded retail stores and branded e-commerce sites and the distribution, sale and promotion of specified categories of products, including women's and men's apparel, handbags, footwear, swim, small leather goods, luggage and cold weather accessories (through wholesale, branded retail stores and branded e-commerce sites). evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm - Material Agreements G III APPAREL GROUP LTD /DE/ entered into Interim Investors' Agreement with IPCo, Purchaser, MJWHP, LLC, WHP Member, Purchaser Parent valued at governs relationship between Company and WHP Member until Closing. - Action: entry - Counterparty: IPCo, Purchaser, MJWHP, LLC, WHP Member, Purchaser Parent - Value: governs relationship between Company and WHP Member until Closing source text: On the Signing Date, IPCo, Purchaser, MJWHP, LLC, a Delaware limited liability company ("WHP Member"), the Company and Purchaser Parent entered into an Interim Investors' Agreement (the "Interim Investors' Agreement") which will govern the relationship between the Company and the WHP Member until the Closing. evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm - Material Agreements G III APPAREL GROUP LTD /DE/ entered into Equity Commitment Letter with IPCo valued at aggregate amount equal to the sum of WHP's equity contribution. - Action: entry - Agreement: equity purchase - Counterparty: IPCo - Value: aggregate amount equal to the sum of WHP's equity contribution source text: The Company will operate the business pursuant to a license from IPCo. Item 1.01 Entry into a Material Definitive Agreement Unit Purchase Agreement On the Signing Date, Purchaser evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm - Material Agreements G III APPAREL GROUP LTD /DE/ entered into Unit Purchase Agreement with owners of all of the issued and outstanding units of Marc Jacobs Holdings, LLC and WH Borrower, LLC valued at approximately $500 million investment. - Action: entry - Agreement: equity purchase - Counterparty: owners of all of the issued and outstanding units of Marc Jacobs Holdings, LLC and WH Borrower, LLC - Value: approximately $500 million investment source text: On the Signing Date, Purchaser entered into a Unit Purchase Agreement (the "Unit Purchase Agreement") with the owners of all of the issued and outstanding units of Marc Jacobs Holdings, LLC (together, the "Sellers") and, solely for specified sections, WH Borrower, LLC ("Purchaser Parent"), pursuant to which Purchaser agreed to purchase from Sellers all of the issued and outstanding common units of Marc Jacobs Holdings, LLC (the "Acquisition"). evidence_url: https://www.sec.gov/Archives/edgar/data/821002/000095014226001394/0000950142-26-001394-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.