G-III Files $250M Breach Lawsuit Against PVH Corp

G-III Apparel Group has filed a $250 million breach of contract lawsuit against PVH Corp., intensifying a dispute that began in 2022 when PVH CEO Stefan Larsson took back licensing for Calvin Klein and Tommy Hilfiger women's wholesale in North America from G-III. The lawsuit, filed in New York state court, alleges that PVH breached contracts and tortiously interfered with G-III's licensing agreements, leading to a significant loss in sales for G-III. G-III seeks a declaratory judgment to avoid paying royalties due to unmet minimum sales, which it attributes to PVH's strategic scaling back of wholesale presence, and also claims damages from PVH’s interference. PVH has dismissed the claims as baseless and stated it will address the matter through the legal process. This legal battle marks the unraveling of a nearly 20-year partnership that generated more than $15 billion in wholesale sales and highlights both companies' efforts to realign their brand strategies amid changing market conditions. Further details are expected to emerge when the suit is unsealed, revealing more about this high-stakes corporate split in the fashion industry.