Tommy Hilfiger Inks Agreement With G-III Apparel For Women's Dress Collection

(RTTNews) - Tommy Hilfiger, owned by PVH Corp. (PVH), and G-III Apparel Group, Ltd. (GIII) have entered into a license agreement to introduce a line of women's dresses inspired by the Tommy Hilfiger brand's fresh take on classic, American, cool style.

Beginning February 2016, the collection will be available at select department stores, including Macy's, specialty stores, and e-commerce partners in the United States and Canada.

The new Tommy Hilfiger dress collection is designed to complement the existing Tommy Hilfiger women's sportswear offerings.

The Spring 2016 collection is inspired by iconic American style, with a modern twist featuring the bold use of print and color, and feminine fabrics and finishes.

The collection, including dresses and coordinating shrugs and cardigans, will have suggested retail prices from $99 to $149.

The initial term of the agreement is five years. G-III has a right to renew for an additional five-year term subject to achieving certain sales levels.