G-III Apparel And PVH Sign License Agreement For DKNY Menswear

III Apparel Group Ltd. announced Monday that it has entered into a licensing agreement with PVH Corp. for DKNY menswear. G-III acquired the Donna Karan brand in 2016. This is the fourth agreement between the two companies, which have licensing deals for products in the Calvin Klein and Tommy Hilfiger brands, among others. PVH will now design and distribute DKNY merchandise including sportswear, dress shirts, ties, jeans and DKNY Sport for Men in the U.S. and Canada. The first collections will launch in spring 2018 and will be sold in department stores. G-III shares are up 1.2% in premarket trading, but down nearly 49% for the past year. PVH shares are unchanged in premarket, but up nearly 13% for the last year. The S&P 500 index has risen 16.1% for the past 12 months.