Forms 50/50 Strategic Joint Venture for Marc Jacobs BrandPartnership Combines G-III’s Proven Operating and Merchandising Capabilities with WHP Global’s Leading Brand Management PlatformAdds Globally Recognized, Iconic Brand to G-III’s Portfolio, Strengthening its Growth Strategy NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) -- G-III Apparel Group, Ltd. (NasdaqGS: GIII) ('G-III” or the 'Company”) today announced that it has entered into a definitive agreement with WHP Global to jointly own the Marc Jacobs brand’s intellectual property through a newly formed joint venture ('JV”). G-III will acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations.