NFL Signs Clothing Licence Agreement with G-III Apparel

G-III Apparel Group, Ltd. (Nasdaq: GIII) today announced that it has entered into a new, extended license agreement with National Football League Properties, Inc. to manufacture and market a comprehensive line of adult outerwear in the United States under a variety of NFL trademarks.

Outerwear produced by G-III under this license will be sold primarily in mid-tier department stores and mass-market retailers. The initial term of this new license is for three years beginning April 1, 2002 and includes a two-year renewal option, subject to certain conditions.

This agreement will replace an existing license from NFL Properties that G-III has held since 1993 to produce leather and leather and woven combination outerwear.

Morris Goldfarb, G-III’s Chief Executive Officer, said, ‘We are exceptionally pleased to have been chosen by NFL Properties to be one of a limited number of partners in their licensed consumer products business. Not only is the NFL the preeminent sports league in the U.S., its trademarks represent an unparalleled brand umbrella with global appeal. This agreement represents an opportunity for us to significantly increase the sales and earnings of our sports licensing businesses.’

‘We believe G-III will play an important role in our goal of delivering enhanced products to our fans and we are pleased to expand our relationship,’ said Roger Goodell, NFL Executive Vice President of Business, Properties and Club Services. ‘G-III has demonstrated superior quality and product design as well as strong relationships with the mid-tier and mass-market distribution channels.’

For further information, please contact:
NFL
Brian McCarthy or Steve Alic
Tel: +1 212-450-2000

G-III Apparel Group
James Palczynski, Investor Relations
Tel: +1 203 222-9013