×
62 331
Fashion Jobs
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Arvada
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Racine
KOHLS
Full-Time Loss Prevention Officer
Permanent · Laguna Niguel
KOHLS
Full-Time Loss Prevention Officer
Permanent · Woodbridge
ATHLETA
General Manager - Butler Plaza (New Store)
Permanent · Gainesville
ATHLETA
General Manager - Hudson Yards
Permanent · New York
ATHLETA
General Manager - Morristown, 30 w. Park Place
Permanent · Morristown
ATHLETA
General Manager - Georgetown
Permanent · Washington
ATHLETA
General Manager - Westfield
Permanent · Westfield
ATHLETA
General Manager - Galleria @ Roseville
Permanent · Roseville
ATHLETA
General Manager - Natick
Permanent · Natick
ATHLETA
General Manager - Newport- Long Wharf
Permanent · Newport
NEIMAN MARCUS
Loss Prevention Investigator- Boston
Permanent · Boston
NEIMAN MARCUS
Sales Manager, Handbags - Orlando
Permanent · Orlando
NEIMAN MARCUS
Product Manager, Checkout
Permanent · Irving
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Dallas
NEIMAN MARCUS
Sales Manager, Designer Sportswear Selling - Short Hills
Permanent · Millburn
OLD NAVY
Assistant General Manager, Merchandising - Oakridge
Permanent · San Jose
OLD NAVY
Unassigned - General Manager - Mall of The Americas
Permanent · Miami
OLD NAVY
General Manager - Northside Marketplace
Permanent · Nashville
OLD NAVY
External Asset Protection Lead - Solano
Permanent · Fairfield
OLD NAVY
General Manager - Shops at Centerpoint
Permanent · Grand Rapids
Published
Jan 11, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

G-III joins Arcadia takeover race - report

Published
Jan 11, 2021

New York-based G-III Apparel has reportedly entered the race to buy Arcadia and is among four top contenders that also include Next, Boohoo and US-based Authentic Brands. However, the company hasn't confirmed its interest publicly.


Photo: Sandra Halliday



The company owns the DKNY brand and also holds licences for big-name labels Calvin Klein, Tommy Hilfiger, Karl Lagerfeld and Levi’s.

Its interest in Arcadia was reported by the Sunday Telegraph, which said that G-III has a ‘war chest’ of around $800 million to help fund any buy. The group itself had pre-pandemic sales of $3.1 billion and a stock market value of $1.3 billion.

But the company closed over 200 US stores last summer and said at the time that its “wholesale business, anchored by our five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger and Karl Lagerfeld, will continue to be the primary growth and profit engine.”

That raises questions over how focused it would be on retail stores should it win the Arcadia brand auction.

There are justifiable fears in British retail that some of the main contenders for Arcadia (such as Boohoo) have little or no interest in running physical shops.

Another issue that might make bring a G-III purchase of the business some negative PR in Britain is that the company has links to the Trump family’s fashion businesses. In fact, G-III’s chairman Morris Goldfarb was at one point rumoured to be getting an ambassador’s post under President Trump, although that didn’t happen.

Regardless of who wins the Arcadia race, it’s expected to be finalised by the end of next month with administrator Deloitte selecting the parties to go forward to the next bidding round at some point in January.

Copyright © 2021 FashionNetwork.com All rights reserved.