The parent company of brands including Donna Karan, DKNY and Sonia Rykiel has reported net sales of $1.02 billion for Q3, reflecting a 22.8% increase from $826.6 million in the same period in the previous year.
G-III, the parent company of the Donna Karan and DKNY brands, has announced that it has entered into a long-term licensing agreement with international perfume group Interparfums concerning the two labels’ fragrances.
Having been purchased by Eric and Michaël Dayan in 2019, the Sonia Rykiel brand is set to change hands again, joining the portfolio of American fashion group G-III Apparel, owner of labels including Donna Karan.
The New York-based owner of DKNY announced a year-over-year increase of 62.5% in its second-quarter sales on Thursday, as continued strength in casualwear was boosted by increases in broader lifestyle categories.
The owner of brands including Donna Karan announced on Tuesday that its chief operating officer, Wayne Miller, will be stepping down from his current role to become a senior strategic advisor at the company.
The owner of the Donna Karan brand reported a 28.3% rise in first-quarter net sales on Monday and provided a hopeful financial outlook for the full fiscal year, reflecting improving trends for lifestyle apparel.
The NYC-based owner of brands including DKNY and Donna Karan reported net sales of $2.06 billion for the fiscal year ended January 31, 2021, on Thursday, a decrease of 35.0% from $3.16 billion in the previous year.