G-III Outerwear License for Champion

G-III Apparel Group

announced it made a license agreement with

HanesBrands

to produce an outerwear collection for apparel brand, Champion. 

“We are pleased to announce our newest license agreement with HanesBrands to produce an outerwear collection for the

Champion

brand,” says Morris Goldfarb, chairman and chief executive officer, G-III. “Champion is a well-recognized iconic American brand. Our collections will feature quality heritage pieces that complement and enhance Champion’s principles of self-expression. This license aligns with G-III’s core competencies in outerwear and will fit seamlessly into our well-developed outerwear divisions.” 

G-III operates a vast portfolio of owned brands, including DKNY,

Donna Karan

,

Karl Lagerfeld

, Vilebrequin, G.H.Bass, Eliza J., Jessica Howard, Andrew Marc, Marc New York, Wilsons Leather and Sonia Rykiel. Aside from Calvin Klein,

Tommy Hilfiger

,

Nautica

, Halston and

Kenneth Cole

, Cole Haan,

Guess?

,

Vince Camuto

,

Levi’s

and Dockers. The company also has several licenses with professional sports organizations such as the

National Football League

and the

National Basketball Association

. Net sales for the second quarter that ended July 31 increased 9% to $659.8 million from $605.2 million in the prior year’s quarter.  

 “G-III closed out a strong first half of our year, giving us confidence to once again raise our outlook,” says Goldfarb. “Our balance sheet provides us with financial flexibility to invest in our business and consider additional opportunities. Agility is at the heart of everything we do at G-III, and I am confident that we will continue to evolve, regardless of external factors. We will continue to drive our business forward and expect to deliver strong results for our shareholders.”