By  on June 24, 2014

G-III Apparel Group Ltd.’s underwritten public offering of common stock will be priced at $77.63 a share and is expected to generate approximately $111.8 million in proceeds to the firm.

Subject to customary closing conditions, the offering is expected to close on June 30. In addition to the 1.5 million shares of common stock offered to the public, G-III has granted the underwriters a 30-day option to purchase up to 225,000 additional shares from the company.

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