G-III Apparel Group Ltd. has acquired Andrew Marc, the outerwear and handbag manufacturer, from Gordon Brothers Group, for about $42 million including working capital adjustments.
The company's plan is to leverage the Andrew Marc brand into new categories to become "a meaningful contemporary lifestyle brand," said Morris Goldfarb, chairman and chief executive officer. Andrew Marc generated about $80 million in net sales last year under the Andrew Marc and Marc New York labels, as well as the licensed Dockers and Levi's brands.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"