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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)