NEW YORK — G-III Apparel Group Ltd. announced Wednesday that it will license the Andrew Marc brand to the Greenwich, Conn.-based Camuto Group.
This agreement marks the first licensing deal for the brand and will extend through January 31, 2013. The product, designed, marketed and produced by Camuto Group, is expected to hit retail for fall ’09.
“We are excited to begin the broader development of the Andrew Marc and Marc New York branded businesses, which hold an excellent position in upscale specialty retailers and department stores,” Morris Goldfarb, G-III’s chairman and CEO, said in statement. “We believe the contemporary aesthetic and high-fashion identity of these brands can quickly and decisively transcend their roots from the outerwear market. We could not have found a better partner for this important category than Vince Camuto and his organization. He has demonstrated time and again that he is a true visionary in the footwear industry.”
Vince Camuto, CEO of Camuto Group, said in the statement, “The opportunity to add Andrew Marc and Marc New York collections to the incredible stable of Camuto Group brands is the perfect compliment to our existing success and growth in the market place. We are excited to translate that strong contemporary fashion viewpoint for the women’s footwear market and look forward to a long, profitable relationship with G-III.”