Equity Investment

6 Months Ended

Jul. 31, 2015

Equity Investment [Abstract]

Equity Investment

Note 2 – Equity Investment

During the second quarter of fiscal 2016, the Company entered into a joint venture agreement with Karl Lagerfeld Group BV (“KLBV”). G-III paid to KLBV a purchase price consideration of $25.0 million in cash for a 49% ownership interest in Karl Lagerfeld North America BV, which holds brand rights to all Karl Lagerfeld marks for all consumer products (except eyewear, fragrance, cosmetics, watches, jewelry, and hospitality services) and apparel in the United States and Canada, as well as, an exclusive, irrevocable, royalty-free license to use the marks in Mexico with respect to the same products. The Company accounts for its investment in KLNA using the equity method of accounting.