G-III lands licensing deal for Converse apparel

” We’ve had partnerships with Nike prior to, and it’s an obstacle,” Goldfarb said. They have to be Nike authorized, which is a rigid approval procedure.

“Having one of the most preferable brands is central to our technique and I am pleased with the shift to our go-forward profile, which will certainly continue to progress for the future,” Goldfarb said in the launch. “Our brand-new organizations are functioning.”

When asked by analysts regarding the possibilities with the Converse permit, Goldfarb claimed the brand suits a company area it currently has, and added “what’s much better than a collaboration with Nike?” Reverse is a brand that G-III believes it can add to around the world, he stated.

G-III chief executive officer Morris Goldfarb claimed on the telephone call that the enhancement of the Converse permit uses an opportunity to broaden its activewear and way of life service and provides accessibility to a “distinguished customer.” The firm owns DKNY, Donna Karan, Karl Lagerfeld and G.H. Bass, to name a few.

In 2014, G-III signed licensing arrangements for Champ and Halston. On Thursday’s call, Goldfarb said the item offerings for those bargains “are simply striking retail floorings,” and products from the Reverse and BCBG deals will launch this fall.