G-III Apparel Group, Ltd. (NASDAQ:GIII) Q3 2024 Earnings Call Transcript

It’s a great place to be. It’s been fun building it. This phase there aren’t many companies that could survive looking at giving up 50% of their top-line sales and forecast increases and be more profitable, and in a period of time when they’re looking at maintenance and growth at the same time. I’d say, it’s an amazing story.

Dana Telsey: Just one other thing. When you think about other additions to the licensing portfolio, is there a cap on how many you could do or do you think of it as size or number?

Morris Goldfarb: Yeah, there certainly is a gap. We’re not in the business of the days of us looking at a license, a random license, and creating just revenue. To the extent that $20 million, $30 million is really not us. It’s got to be an important brand for us to either acquire it or license it. There are some unique situations. Champion is a little bit unique. It’s a relationship, but we needed another coat brand to shore up what we ultimately give back. And Champion turns out to be just a great solution for part of what we’re giving back. But we’re not out there shopping for a multitude of brands. We need scale, we need focus, and each brand has an entire management team. It doesn’t cost our company much more to build a billion-dollar brand as to maintain a $100 million brand. So, the focus is large.

Dana Telsey: Thank you.

Morris Goldfarb : Thank you, Dana. Thanks, for your question. With that operator, I think, we are done. And thank you everyone for your interest and support. We wish you and your families a wonderful holiday season, and a happy, healthy New Year. Thank you.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.