G-III Apparel Group, Ltd. (NASDAQ:GIII) Q4 2024 Earnings Call Transcript

We’re there getting our arms wrapped around what’s needed, and we’re going to invest in the future of Lagerfeld going down the road. There’s an extremely talented group that’s spearheading it now. No changes need to be made in management. We had the time to get acquainted with them, with our relationship at North America. So, again, the transition and the acquisition really didn’t complicate the lives of the international piece or the American piece. And Vilebrequin, same feature. Vilebrequin is a European brand, born in Saint-Tropez, spear headed by a group out of Geneva and Paris. And again, for the first time in years, we’re making significant investment in the growth of Vilebrequin. We have initiatives to open beach clubs more on the franchise side than the operating side.

I don’t think we’re that company that’s going to grow food and beverage, but there are many extremely talented companies that want to use our brand to grow. And we’re in the middle of signing deals and finding opportunities that will impact the profitability of, again, our brands, not necessarily the top-line, because we like the licensing side of life. And that doesn’t always constitute top-line growth, it’s bottom line that it contributes to. So, I believe we’ve got — and let me touch on DKNY. DKNY, when we bought it, was European in distribution more so than it was American. So, we’re now shoring up that entity. We’ve spent a lot of time on evaluating what’s essential for the future in DKNY. And we — there’s an appetite for the brand, a serious appetite for the brand that we’re going to try to fill.

There’s a newcomer, which is Donna Karan, which we haven’t even broached that opportunity in Europe or anywhere else in the world. And we’ve had phone calls based on this campaign and the knowledge of the sell throughs (ph) at retail for bringing that brand to life everywhere in the world. So, it’s an exciting period of time for G-III. There’s — we’re redoing showrooms. We’re here to stay. We’re here to grow. And I think we’ve proved out that we can. We have a team that will. So, it’s a good place to be. We’re feeling good about the times for G-III.

Robert Rosenhaus: Great. Thank you. Best of luck.

Operator: Thank you.

Morris Goldfarb: Thank you, Rob. Thanks for your question.

Operator: And this concludes our Q&A portion. I’ll turn the call back over to management for closing remarks.

Morris Goldfarb: Thank you all for your interest and we hope you enjoy the spring season, and we look forward to speaking to you in June. Thank you.

Operator: This concludes today’s conference call. Thank you for your participation. You may now disconnect. Everyone, have a wonderful day.