In the 1970s, G-III became one of the first apparel companies to import coats from South Korea. Chief Executive Officer Morris Goldfarb, son of the founder, expanded its manufacturing in Asia, according to a history on its website. In the 1990s, G-III started partnering with national brands that now include Jessica Simpson and Calvin Klein, which helped it place its clothes in department stores like Kohl’s Corp., Macy’s Inc. and Nordstrom Inc.
Four years ago, G-III announced its deal with Ivanka Trump’s IT Apparel II company to license her name on a line of dresses, activewear and underwear. Morris Goldfarb said at the time that the clothes would “capture the next generation of young, confident and sophisticated women.”
It would do so at a reasonable price.
The Trump clothes are sourced primarily from China and Vietnam because that’s where fabrics are made and the labor is cheap and skilled. The brand generates an estimated $100 million in sales — a small part of G-III’s annual take of more than $2 billion, said John Kernan, an analyst for Cowen & Co.
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