G-III Apparel Group, Ltd. (NasdaqGS:GIII) today announced the appointment of Fran Della Badia as President of AM Retail Group, Inc., the retail subsidiary of G-III that operates stores and websites for its DKNY, Wilsons Leather, G.H. Bass and Karl Lagerfeld Paris brands and stores for the Calvin Klein Performance brand.
An industry veteran, Ms. Della Badia previously served as the CEO of Worth Collection, Ltd., a women’s fashion apparel company, and Bonobos, a leading menswear retailer. Prior to her time at Bonobos, she worked for over 15 years at Coach, ultimately serving as President of North American Retail. Recently, she has been consulting and advising female-led start-ups.
Morris Goldfarb, Chairman and Chief Executive Officer of G-III Apparel Group, commented, “Fran is an extremely talented retail apparel and accessories merchant who comes to us with a wealth of experience. We are excited to have her join us to lead the revitalization and development of our retail businesses. Fran’s strong merchandising and operational skills will be an important asset to our goal of bringing these businesses back to profitability.”
Ms. Della Badia stated, “I have always admired how G-III has built an incredible operation over the years. I see a great opportunity to turn around its retail operations and look forward to working with the G-III and AM Retail teams to develop the full potential of their brick and mortar and online retail businesses.”
About G-III Apparel Group, Ltd.
G-III designs, sources and markets apparel and accessories under owned, licensed and private label brands. G-III’s owned brands include DKNY, Donna Karan, Vilebrequin, G. H. Bass, Andrew Marc, Marc New York, Eliza J and Jessica Howard. G- III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi's and Dockers brands. Through our team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, and over 150 U.S. colleges and universities. G-III also operates retail stores under the DKNY, Wilsons Leather, G. H. Bass, Vilebrequin, Karl Lagerfeld Paris and Calvin Klein Performance names.
Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors which include, but are not limited to, reliance on licensed product, reliance on foreign manufacturers, risks of doing business abroad, the current economic and credit environment, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, risks of operating a retail business, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, risks relating to G-III’s operations of the Donna Karan International Inc., the impact on our business of the imposition of tariffs by the United States government and business and general economic conditions, as well as other risks detailed in G-III's filings with the Securities and Exchange Commission. G-III assumes no obligation to update the information in this release.
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