CEO Talks: G-III’s Morris Goldfarb on DKNY, Donna Karan

Three months after completing the $650 million acquisition of Donna Karan International, Morris Goldfarb, chairman and chief executive officer of G-III Apparel Group Ltd., has revealed his hand for the DKNY and Donna Karan brands. On Monday, it was disclosed that G-III has forged a deal with Macy’s to carry DKNY women’s apparel, handbags and shoes, in addition to women’s and men’s outerwear and swim exclusively at Macy’s locations in the U.S. and on macys.com. The agreement calls for building in-store shops in the better sportswear departments. The shops will roll into Macy’s in the first quarter of 2018. Before then, Macy’s, as well as other department stores, will carry DKNY until it becomes a Macy’s exclusive. “Macy’s has been an amazing trading partner for G-III for decades,” said Goldfarb in an exclusive interview with WWD. “We know the inner workings of Macy’s; they’ve truly partnered in building our business in most categories and classifications. The relationship is comfortable for both.” According to Goldfarb,  2017 is “a bit of a stub year” for DKNY, since there’s merchandise in the pipeline that’s going to Macy’s and other retailers in the third and fourth quarters that was produced by G-III. DKNY will be available for

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