G-III Apparel adds Victor Herrero to board

By

Gabriella Lacombe

Published
Jun 15, 2019

G-III Apparel Group, Ltd. has named Victor Herrero as the newest member of its board of directors.

Herrero most recently served as the chief executive officer and a director of Guess. Prior to Guess, he spent more than 12 years at Inditex Group in several senior executive roles before becoming the head of Asia Pacific, where he was responsible for all aspects of Inditex’s Asia business for all brands.

Additionally, Herrero is currently a non-executive director of Coppel, SA, Global Fashion Group and Clarks.

“As we continue to expand our operations internationally, we look forward to benefiting from [Herrero’s] significant expertise developed by his diversified apparel and accessory experience in North America, Europe and Asia,” said Morris Goldfarb, G-III’s chairman and chief executive officer.

As Herrero joins the board, Allen Sirkin has decided not to stand for reelection. The board will continue to consist of 11 members.

G-III’s portfolio of brands includes DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld, among others. 

Earlier this month, the company announced improvements in sales and earnings for the first quarter of 2020, despite total revenues missing analysts’ predictions for the three months.