The agreement provides for an initial term of five years, followed by a twenty-year period, as well as a purchase option at the end of the twenty-five year term. The product will be distributed globally through “better” department stores and digital channels, said G-III, adding it believes that “significant opportunity exists in the better women’s apparel space,” with the first Halston drop landing fall 2024.

“This agreement represents our third substantial growth opportunity announced this year alongside the re-positioning and global expansion of Donna Karan and a long-term license for Nautica

Looking ahead, G-III lifted its guidance for the fiscal year ending January 31, 2024, anticipating net sales of approximately $3.29 billion and net income between $125.0 million and $130.0 million, or between $2.65 and $2.75 per diluted share.