G-III Apparel Group, WHP Global to Acquire Marc Jacobs Brand

Paul, Weiss is advising G-III Apparel Group, Ltd., on its agreement with brand management firm WHP Global to jointly own the Marc Jacobs brand’s intellectual property through a new 50-50 joint venture. Under the agreement, G-III will also acquire and manage the global Marc Jacobs operating business, while WHP Global will manage the licensing operations. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team is led by corporate partners Ted Ackerman and Jeffrey Marell, and counsel Bathiya Sheriffdeen, and includes partners Julie Ann Lamm and Steven Kaye; intellectual property partner Claudine Meredith-Goujon and counsel Georgina Hoy; tax partner Robert Holo and counsel Daniel Bleiberg; antitrust partners Christopher Wilson and Annie Herdman and counsel John Magruder; executive compensation partner Rebecca Coccaro; real estate partner Peter Fisch; and litigation counsel Audrey Paquet.