Byline: Lisa Lockwood
G-III: A Company for All Seasons
G-III Apparel Group Ltd., whose volume is fast approaching $1 billion, has been transformed into a more well-rounded firm.
Originally an outerwear resource, G-III has diversified into a sportswear, dress and outerwear manufacturer with an assortment of labels, ranging from Calvin Klein, Guess, Kenneth Cole, Tommy Hilfiger, Cole Haan and Ellen Tracy to Andrew Marc, Sean John, Vicky Tiel and Jessica Simpson.
"Historically we made money in the third quarter and broke even in the fourth quarter, and in the first and second quarters we lost a little bit. We got very accustomed to it and never failed. It's the model you live with" as an outerwear firm, said Morris Goldfarb, 59, chairman and chief executive officer, who's run the business for the last 38 years. "The warehouse would coast eight months a year. Now it's active 12 months a year. It's …