Gotrade News - G-III Apparel Group (GIII) and WHP Global announced Monday, October 26, 2026, a partnership with I.T Group to accelerate Marc Jacobs' growth in Greater China, according to the companies' official release. I.T Group acquired the Marc Jacobs Greater China operating business and signed a long-term licensing agreement.
GIII Market Data
| Ticker | Close | Daily change | Market cap |
|---|
| GIII | $29.65 | -0.67% | $1.3 billion |
Regular-session close on October 26, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
What G-III Apparel Group Announced
According to the release, the transaction includes the first international licensing agreement since WHP Global and G-III acquired the global Marc Jacobs brand in September 2026. As part of the deal, I.T Group has acquired the existing Marc Jacobs Greater China operating business and entered into a new long-term licensing agreement for the brand. The release does not state the value of the transaction.
I.T Group plans to invest in expanding Marc Jacobs' presence across Greater China through new standalone boutiques, shop-in-shop locations, digital commerce and wholesale distribution, building on the brand's existing retail footprint, the companies said. Founded in Hong Kong in 1988, I.T Group operates more than 280 points of sale and a growing eCommerce platform across Greater China, according to the release, and has introduced international brands in the region including A Bathing Ape, Acne Studios, Off-White and Stussy.
Why It Matters for GIII
G-III owns ten brands, including Marc Jacobs, DKNY, Donna Karan and Karl Lagerfeld, and licenses over 20 others, according to the company. "Our approach is to look at each market individually and put the right capabilities in place to drive the business," said Morris Goldfarb, Chairman and Chief Executive Officer of G-III Apparel Group. "I.T Group has a strong track record in Greater China, and we are confident in what we can accomplish together."
Yehuda Shmidman, Founder, Chairman and CEO of WHP Global, said WHP Global is focused on executing its global growth strategy for Marc Jacobs and called the partnership with I.T Group for China "an important milestone." I.T Group's retail and digital platform covers Mainland China, Hong Kong, Macau and Taiwan, according to the release.
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This article was written with the help of AI and checked by the Gotrade team before publishing.
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