UNITED STATES
SECURITIES AND EXCHANGE COMMISSION


WASHINGTON,
  D.C. 20549 

 

FORM 8-K



CURRENT REPORT

 PURSUANT
TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported): January 10, 2008

G-III APPAREL GROUP, LTD.


(Exact name of registrant as specified in its charter)


Delaware

(State or other jurisdiction of incorporation)


  
     
     
     
  
  
    0-18183

      (Commission File Number) 
     
    41-1590959

      (IRS Employer Identification No.)
  
  
     
     
     
  
  
    512 Seventh Avenue

      New York, New York

      (Address of principal executive offices) 
     
    

      10018

    (Zip Code)
  



 

  Registrant’s telephone number, including area code: (212) 403-0500

Not Applicable

(Former name or former address, if changed since last report)


 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):




    o
     
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



     


    o
     
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



     


    o
     
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b))



     


    o
     
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 
 
 










 
        
                        
Item 8.01
 
        
                        
Other Events
  

On January 10, 2008, G-III Apparel Group, Ltd. (the “Company”) and Christian Casey LLC, owner of Sean John, issued a joint press release announcing, among other things, the termination of the Company’s Sean John junior women’s sportswear license. In addition, the Company announced that it will take a charge of approximately $0.03 per share on an after-tax basis in its fourth quarter of fiscal 2008 in connection with the termination of the license. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


 
        
                        
Item 9.01
 
        
                        
Financial Statements and Exhibits.
  



 
        
                        
 
 
        
                        
(d)
 
        
                        
Exhibits.
  



 
        
                        
 
 
        
                        
99.1
 
        
                        
Press release dated January 10, 2008.
  

 
 




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 


 
        
                        
Date: January 11, 2008
 
        
                        
 
 
        
                        
G-III APPAREL GROUP, LTD.
  
 
        
                        
 
 
        
                        
 
 
        
                        
 
  
 
        
                        
 
 
        
                        
 
 
        
                        
  
 
        
                        
 
 
        
      
By: 
 
        
                        

 /s/ Neal S. Nackman
  
 
        
                        
 
 
        
                        
 
 
        
                        
 
 
        
                        
 
 
        
                        
Name: 
 
        
                        
Neal S. Nackman
  
 
        
                        
 
 
        
                        
 
 
        
                        
 
 
        
                        
 
 
        
                        
Title: 
 
        
                        
Chief Financial Officer
  

 
 




EXHIBIT INDEX
 


 
        
      
Exhibit No.
 
        
                        
 
 
        
                        
Description
  
 
        
                        
99.1
 
        
                        
 
 
        
                        
Press release dated January 10, 2008.