WHP Global and G-III / Marc JacobsWA-95027

Parties

Summary

WHP Global and G-III Apparel Group Ltd's joint venture, MJ Topco, LLC, is acquiring all shares of luxury fashion label Marc Jacobs Holdings, LLC. WHP Global and G-III operate in consumer brand management and apparel licencing. Marc Jacobs offers high-fashion apparel, handbags, cosmetics, and fragrances, with Australian wholesale and e-commerce sales.

Acquisition details

MJ Topco, LLC, a joint venture owned by MJWHP, LLC (together with its connected entities, WHP Global ) and a subsidiary of G-III Apparel Group Ltd (together with its connected entities, G-III ), proposes to acquire, through Majestic AcqCo, LLC, all of the issued and outstanding shares in Marc Jacobs Holdings, LLC (the Target ) (the Acquisition ). WHP Global is US-headquartered. Globally, and in Australia, it acquires, manages and licences global consumer brands, and invests in high-growth distribution channels, including global expansion pathways and digital commerce platforms. G-III similarly provides brand licensing and management services, in addition to the design, sourcing, distribution, marketing and retail supply of apparel, globally and in Australia. The Target is a luxury fashion label founded by Marc Jacobs, headquartered in New York, USA, which offers high-fashion ready-to-wear apparel, handbags, cosmetics and fragrances. In Australia, its activities are limited to the wholesale and ecommerce sales of its apparel, handbags, cosmetics and fragrances.