G-III Apparel Group, Ltd. (NasdaqGS: GIII), a leading manufacturer and distributor of outerwear, dresses, sportswear and women’s suits under licensed brands, its own brands and private label brands, priced a follow-on offering of 1.7 million shares of common stock at $19.50 per share for gross proceeds of $33.2 million. The Company intends to use the net proceeds from the offering for general corporate purposes to support the growth of its business, which may include acquisitions. Brean Murray, Carret & Co. served as a Co-Managing Underwriter of the offering.

 

G-III designs, manufactures and markets an extensive range of outerwear, sportswear and accessories, including coats, jackets and pants, as well as women’s suits and dresses. The Company sells its products under licensed brands, its own proprietary brands and private retail labels. The Company provides high quality apparel under recognized brands to a cross section of leading retailers such as Macy’s, Bloomingdale’s, Nordstrom, JC Penney and Kohl’s. The Company also operates 121 retail stores, of which 119 are outlet stores operated under the Wilsons Leather name. The Company distributes its products through a diverse mix and a large number of retailers at a variety of price points, as well as through its own retail stores.

 

Brean Murray, Carret’s Investment Banking Group is dedicated to helping our clients achieve their strategic and financial goals. For over 35 years, the Firm has specialized in providing underwriting, financing, M&A advisory and independent financial advisory services. As demonstrated by our track record, Brean Murray, Carret’s industry knowledge, commitment and experience are critical to ensure a successful transaction.

 

For further details regarding this transaction or Brean Murray, Carret’s Investment Banking practice, please contact Richard Serrano, Managing Director, at 212.702.6506 or John Fletcher, Managing Director, at 212.702.6521.