LITIGATION AND OTHER MATTERS |
6 Months Ended |
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Jul. 31, 2026 | |
| LITIGATION AND OTHER MATTERS | |
| LITIGATION AND OTHER MATTERS | NOTE 13 – LITIGATION AND OTHER MATTERS Litigation with PVH Corp. On June 13, 2025, the Company filed a complaint against . and two of its subsidiaries (“Defendants”) in the New York County Commercial Division of the Supreme Court of the State of New York for breach of contract, breach of the implied covenant of good faith and fair dealing, and tortious interference with contract arising out of the unreasonable denial of the Company’s request to extend the Calvin Klein and Tommy Hilfiger licenses for the women’s suits category for an additional three-year period and other actions taken by Defendants that undermined the Company’s ability to perform under Calvin Klein and Tommy Hilfiger license agreements and subjected the Company to contractual penalties. On July 30, 2025, Calvin Klein, Inc. and Tommy Hilfiger Licensing LLC filed their own complaint against G-III in the same court alleging breaches of the license agreements between the parties. On April 30, 2026, in response to the Company’s amended complaint, Defendants filed counterclaims alleging breaches of the license agreements. The Company has moved to dismiss those counterclaims. On June 18, 2026, the Company filed a motion seeking leave to file a second amended complaint to add allegations that the PVH parties tortiously interfered with the Company’s subsidiaries’ agreements with AWWG Investments B.V. (“AWWG”) and that the PVH parties breached the confidentiality provisions in the license agreements between the parties. The Company believes that Calvin Klein, Inc. and Tommy Hilfiger Licensing LLC’s complaint and counterclaims are without merit, and the Company intends to vigorously defend against these actions. Due to the uncertainty inherent in any litigation, the Company is unable to estimate any reasonably possible loss, or range of loss, with respect to this matter. AWWG Brand Agency Termination In fiscal 2025, the Company entered into agreements for AWWG to act as the official agent for DKNY, Donna Karan and Karl Lagerfeld across Spain and Portugal, as well as for the Company’s licensed Converse products in select countries. In June 2026, the Company and AWWG agreed to terminate the brand agency agreements as well as certain related service agreements and are working toward an orderly transition of the affected operations with termination effective as of December 31, 2026.
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