G-III closes Marc Jacobs acquisition with approximately $500 million investment

G-III Apparel Group, Ltd. (NasdaqGS: GIII) completed its acquisition of the Marc Jacobs business from LVMH Moët Hennessy Louis Vuitton Inc. and affiliates on September 1, investing approximately $500 million. The deal pairs G-III's ownership of the operating business with a 50/50 intellectual-property venture with WHP Global and an exclusive license whose initial term runs through December 2041.

The transaction, announced May 14, separates day-to-day operations from ownership of the brand's intellectual property. MJ Topco, LLC, the newly formed venture known as IPCo, acquired all issued and outstanding units of Marc Jacobs Holdings, LLC through Majestic AcqCo, LLC. G-III then acquired the operating business through subsidiaries. IPCo retained the Marc Jacobs intellectual property and certain other assets and liabilities, including certain China and Japan items described in Item 2.01 of the closing filing.

G-III Investments, Inc. and WHP member MJWHP, LLC each own 50% of IPCo's units. WHP leads the venture and global brand licensing; G-III owns and leads the wholesale, retail and e-commerce operating business and provides support services to the venture. Marc Jacobs continues as Founder and Creative Director.

G-III funded its approximately $500 million investment with cash on hand and borrowings under its revolving credit facility. That amount is G-III's investment in the transaction.

The exclusive license from IPCo covers G-III Leather Fashions and G-III Apparel Canada in the United States, Canada, Mexico and Western Europe for specified product categories, including apparel, handbags and footwear. Its initial term began at closing and extends through December 2041, with automatic renewals for 10 successive five-year periods unless notice of non-renewal is given. The geographic and category limits define where the operating companies can use the licensed brands and intellectual property.

G-III disclosed the completion in a Form 8-K filed and accepted September 2, 2026, under accession 0000950142-26-002481. Exhibit 99.2 contains the closing release. The same filing also furnished second-quarter results under Item 2.02 and Exhibit 99.1, a separate disclosure from the acquisition close.

The next point to watch is what G-III discloses about Marc Jacobs' contribution in upcoming results, including how the operating business and licensing arrangement affect reported performance.