G-III Apparel Group, Ltd. Signs License With NFL

G-III Apparel Group, Ltd. GIII today announced that it has entered into a new, extended and expanded license agreement with National Football League Properties, Inc. to manufacture and market men's and women's outerwear, sportswear, and swimwear products in the United States under a variety of NFL trademarks. Under this license, G-III will have the exclusive rights to distribute outerwear to mass-market retailers and mid-tier department stores. In addition, G-III will also have rights to sell outerwear, sportswear, and swimwear to better department stores, specialty stores, stadiums and sporting good stores. G-III has been a licensee of the NFL since 1988. The term of the new license, which extends and expands its existing relationship with the NFL, is for five years and will commence April 1, 2012.