Xcel Brands and G-III Apparel Group, Ltd. Announce Halston Master Licensing Partnership Under New 25-Year Agreement
June 06, 2023 at 07:09 am EDT
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Xcel Brands, Inc. announced a master licensing partnership with G-III Apparel Group, Ltd. Under this new agreement, G-III will design and produce all categories and distribute products globally for the Halston business and all of its brands. This agreement resulted in an upfront advance payment in May 2023 and has a term of 25 years (consisting of an initial 5-year period, followed by a 20-year period). The agreement provides for a purchase option at the end of the 25-year term.
G-III is known for unlocking the potential of brands and is a vendor of choice for global retailers, having successfully grown DKNY globally, launched Karl Lagerfeld Paris, and built the Calvin Klein and Tommy Hilfiger women's businesses in North America. The company designs, sources, markets and distributes apparel and accessories for a substantial portfolio of owned, licensed and private label brands. Halston joins othervered American brands and global businesses in G-III's substantial portfolio of over 30 brands.
Xcel Brands, Inc. is a media and consumer products company. The Company is engaged in the designing, production, marketing, live streaming, wholesale distribution and direct-to-consumer sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. The Companyâs brand portfolio consists of the Lori Goldstein, Halston, Judith Ripka, C Wonder, Longaberger, and Isaac Mizrahi Brands, and other proprietary brands, including the various labels under these brands. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. C Wonder offers womenâs clothing, footwear, jewelry and accessories. The Halston brand is a fashion brand and is available across various distribution channels, including department stores, e-commerce, interactive television, and national specialty retailers.
XCEL BRANDS, INC. 
