G-III closes $500M Marc Jacobs acquisition; Q2 GAAP EPS $0.46, raises FY27 guidance

G III APPAREL GROUP LTD /DE/

Closed acquisition of Marc Jacobs from LVMH on Sept 1, 2026; $500M investment funded by cash and revolver.
Formed 50/50 JV with WHP Global to own Marc Jacobs IP; G-III operates business under license through Dec 2041.
Q2 net sales $554.1M, down 10% YoY; gross margin 45.2% up 440bps; GAAP EPS $0.46 vs $0.25.
Raises FY2027 guidance: GAAP EPS $4.10-4.20, non-GAAP $2.20-2.30; excludes Marc Jacobs, slightly dilutive in FY27.
Targets $1B long-term annual revenue from Marc Jacobs; Marc Jacobs remains Founder and Creative Director.

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