NEW YORK — G-III Apparel Group Ltd. reported gains in third-quarter profits, and said it is growing in part through door expansion and that it intends to grow through acquisitions.
For the three months ended Oct. 31, net income attributable to G-III rose 10.9 percent to $48.3 million, or $2.37 a diluted share, from $43.6 million, or $2.16, last year. The quarter’s earnings per share included 6 cents of expenses in connection with its acquisition of Vilebrequin, which the firm revealed in August in a transaction valued at $106 million. Net sales rose 6.6 percent to $543.5 million from $510 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)