FOX Translator
No data currently available.
No data currently available.
Whether you're walking a tightrope or scribbling in your checkbook, balance is a good thing. And, one of the best ways to evaluate a company is to glance at its balance sheet to see what it owns with what it owes.
The balance sheet is a paragon of simplicity and is made up of three components: assets (the stuff it owns), liabilities (the money it owes), and shareholders' equity (the company's value to its shareholders).
Assets take two forms: short-term (or current) assets and long-term assets. Under short-term, there¿s good ol' hard cash. Then, there¿s something called "cash equivalents," which are assets like short-term bonds that can be sold so quickly, they might as well be cash. There you factor in inventory, which (if you're a reasonably competent business owner) you can sell to customers in return for--you guessed it--cash. (The raw materials a company owns to make that inventory also falls under this category.)
Long-term assets are things that are harder to convert into cash. (Think real estate and equipment.) Long-term assets depreciate, meaning they lose some value over time. Also under the long-term category are what's called intangible assets: things like patents and brands, that are important, but hard to quantify. Accountants earn their stripes figuring out the real overall value of these assets.
Once you know your assets, it's time for liabilities. As with assets, liabilities are separated into short-term or current, and long-term. Current liabilities are what a company owes in that year: Things like payments to employees or accounts payable to suppliers. Long-term liabilities are debts paid over several years.
Shareholders' equity is determined by subtracting the liabilities from the assets. That number represents the value of the company after all its bills are paid.
Obviously, investors should pay close attention to balance sheets. Spikes in the amount of debt carried, or a reduction in shareholders' equity, are usually red flags.
Home / Markets / Industries / Retail
Wednesday, July 23, 2008
Camuto Group and G-III Apparel Announce Licensing Agreement for Jessica Simpson
Comtex
NEW YORK, Jul 23, 2008 (BUSINESS WIRE) ----The Camuto Group announced today that it has entered into an exclusive multi-year licensing agreement with G-III Apparel Group, Ltd. (Nasdaq GSM: GIII), to design, develop, manufacture and distribute a line of contemporary dresses under the 'Jessica Simpson' label.
Debuting with a soft launch for Spring 2009 with a complete roll-out expected for the Fall 2009 season, the collection will be designed to complement the brands already successful assortment of footwear, swimwear, handbags, sunglasses/eyewear, outerwear and jewelry and will continue to deliver on the brand promise of providing the consumer with stylish, contemporary product.
"I'm extremely excited to be expanding into the dress market," stated Jessica Simpson. "I plan on creating beautiful dresses in distinctive fabrics and silhouettes that are reflective of my personal style and offer something special to the market place."
"The contemporary dress market is the ideal evolution for the Jessica Simpson brand," said Bob Galvin, President, Camuto Group. "We are extremely pleased to partner with G-III on this endeavor; their expertise and knowledge of the dress market will help us to deliver the design, quality and value which are the cornerstones of the Jessica Simpson brand."
"We are pleased to continue to strengthen our relationship with the Camuto Group, with the launch of Jessica Simpson dresses," stated Morris Goldfarb, G-III's Chairman and Chief Executive Officer. "This agreement broadens our existing relationship, which already includes the Camuto Group producing women's footwear under the Andrew Marc label. Our existing dress lines are well received at retail and we believe that we will deliver the same success with the Jessica Simpson Collection."
About G-III Apparel Group, Ltd.
G-III Apparel Group, Ltd. is a leading manufacturer and distributor of outerwear and sportswear under licensed brands, private labels and our own brands. G-III also operates 116 outlet stores under the Wilsons Leather name. The Company has fashion licenses, among others, under the Calvin Klein, Kenneth Cole, Sean John, Cole Haan, Guess?, Jones New York, Nine West, Ellen Tracy, House of Dereon, IZOD, Tommy Hilfiger, Levi's and Dockers brands and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. G-III works with leading retailers in developing product lines to be sold under its own proprietary private labels. Company-owned brands include, among others, Andrew Marc, Marc New York, Marvin Richards, G-III, Jessica Howard, Eliza J., Industrial Cotton, Black Rivet, Siena Studio, Colebrook, G-III by Carl Banks, Winlit, NY 10018 and La Nouvelle Renaissance.
About Camuto Group
The Camuto Group is a leading organization for design, development and distribution of women's fashion footwear and is renowned for its ability to build women's lifestyle brands on a global scale. Camuto Group products are sold in over 5400 doors worldwide. The Camuto Group is the owner of the Vince Camuto and Arturo Chiang brands and is the master licensee for the Jessica Simpson collection. The company also develops and manages the Antonio Melani(R) and Gianni Bini(R) brands, and holds the footwear license for BCBGirls(R), BCBG Max Azria(R), Andrew Marc and Nicole Miller(R). The Camuto Group also has partnerships with Tory Burch, Development by Erica Davies and Sanctuary.
Safe Harbor Language
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, the nature of the apparel industry, including changing customer demand and tastes, customer concentration, seasonality, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions 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.
SOURCE: G-III Apparel Group, Ltd.
The Camuto Group Lisa Mitchell, 646-898-1027 Lisa.Mitchell@camutogroup.com or G-III Apparel Group, Ltd. Wayne S. Miller, 212-403-0500 Chief Operating Officer
Copyright Business Wire 2008
Market Snapshot
| Symbol | Last Price | Netchange | Volume |
|---|---|---|---|
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
| -- | -- | -- | -- |
