Morris Goldfarb

_ EXCLUSIVE And you thought the swimming trunks were pricey. Vilebrequin the French luxury swimwear label whose latest designs include hand-embroidered mens shorts that retail for $590 is close to being acquired by New York-based G-III Apparel, The Post has learned. G-III is looking to take the plunge with an offer north of $150 million more than 13 times Vilebrequins Ebitda, or earnings before interest, taxation, depreciation and amortization, said a source briefed on the talks. The lofty price tag signals optimism for luxury sales worldwide despite the economys iffy prospects overall, as the ranks of super-rich continue to

NEW YORK G-III Apparel Group Ltd. said Thursday that its fiscal fourth-quarter profit slid 59 percent, hurt by the milder winter weather and higher expenses. Its first-quarter revenue outlook and fiscal 2013 guidance came in below Wall Street's expectations."Although we achieved record sales in fiscal 2012, the record breaking warm weather was a major factor in our disappointing fourth quarter performance," Chairman and CEO Morris Goldfarb said in a statement.The company makes clothes and luggage under Calvin Klein, Sean John, Kenneth Cole and other brands. Sales of its coats and winter outerware were hurt at many retail outlets

(BUSINESS WIRE) -- G-III Apparel Group, Ltd. (nasdaqgs:GIII) today announced that it has entered into a joint venture agreement with China Ting Group Holdings Limited to open and operate Calvin Klein Performance retail stores in China and Hong Kong, under the Calvin Klein Performance store license previously granted to G-III by Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. /quotes/zigman/5785329/quotes/nls/pvh PVH +0.22% Morris Goldfarb, Chairman and Chief Executive Officer of G-III Apparel Group, commented, “As the pre-eminent global fashion brand, Calvin Klein is well positioned for further success in the Performance Apparel arena. With strong relationships and

More Blogs