<SEC-DOCUMENT>0001571049-14-000585.txt : 20150505
<SEC-HEADER>0001571049-14-000585.hdr.sgml : 20150505
<ACCEPTANCE-DATETIME>20140224130921
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001571049-14-000585
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			G III APPAREL GROUP LTD /DE/
		CENTRAL INDEX KEY:			0000821002
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				411590959
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		512 SEVENTH AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		2126298830

	MAIL ADDRESS:	
		STREET 1:		512 SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ANTE CORP
		DATE OF NAME CHANGE:	19891120
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><img src="logo.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">February 24, 2014</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>VIA EDGAR AND FEDERAL EXPRESS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporate Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attention: Tia L. Jenkins, Senior Assistant Chief Accountant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 40.3pt"><B>Re:</B></TD><TD><B>G III Apparel Group, Ltd.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt"><B>Form 10-K for the Fiscal Year Ended January 31, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt"><B>Filed April 12, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 58.5pt"><B>File No. 000-18183</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Set forth below are the responses of G III Apparel
Group, Ltd. (the &ldquo;<B>Company</B>,&rdquo; &ldquo;<B>we</B>&rdquo; or &ldquo;<B>our</B>&rdquo;) to the comments of the staff
(the &ldquo;<B>Staff</B>&rdquo;) of the U.S. Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;), contained
in the Staff&rsquo;s letter dated January 28, 2014, in connection with the Company&rsquo;s Form 10-K for the fiscal year ended
January 31, 2013, filed with the Commission on April 12, 2013. For convenience of reference, we have recited the Staff&rsquo;s
comments in bold face type and have followed each comment with the Company&rsquo;s response.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Form 10-K for the Fiscal Year Ended January 31, 2013</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Notes to Consolidated Financial Statements, page F-8</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Note D &ndash; Acquisitions and Intangibles, page F-13</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD><B>We note your disclosure on page 35 that goodwill and intangible assets are tested for impairment by comparing the fair value
of the reporting unit with its carrying value. Please provide us with a detailed discussion of how you determined your reporting
units in accordance with the guidance in FASB ASC 350-20-35-33 through 35-37 and tell us how many reporting units you identified
and tested for impairment. Please note your discussion should also address how goodwill was allocated to your reporting units in
accordance with FASB ASC 350-20-35-41 through 35-44. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><U>Response</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In response to the Staff&rsquo;s
comment, we identified the reporting units for impairment purposes based on the guidance provided by <I>ASC 350 &ndash; Goodwill
and other</I>. Applying ASC 350-20-35-33 through 35-37, the Company determined that it had three reporting units for the purpose
of allocating goodwill and testing goodwill for impairment as of January 31<SUP>st</SUP> 2013. Only two reporting units were considered
for goodwill impairment testing this year as the third reporting unit did not have any goodwill. As of January 31, 2013, the Company
reported goodwill of $60.4 million, of which $26.1 million was associated with its licensed products reporting unit and $34.3 million
of goodwill was associated with the non-licensed products reporting unit. The goodwill allocated to the non-licensed products segment
related solely to the Vilebrequin business acquired in August 2012. No goodwill has been recorded in the retail segment. We will
address how the goodwill was allocated between these reporting units below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>Identification of the operating
segments</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Our first step to determine the reporting
units consisted of identifying the Company&rsquo;s operating segments. We advise the Staff that the methodology we used to identify
our operating segments and how the operating segments were determined to be our three reporting segments is discussed in more details
in our response to the Staff&rsquo;s comment number 2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">We concluded that the Company has
three operating segments, which are licensed products, non-licensed products and retail. These three operating segments are also
our reportable segments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>Identification of the components</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">ASC 350-20-20 defines a reporting
unit as &quot;<I>an operating segment or one level below an operating segment (also known as a component).</I>&quot; Furthermore,
ASC 350-20-35-34 through 35-36 states that a component of an operating segment exists if the component constitutes a business for
which discrete financial information is available and segment management regularly reviews the operating results of that component.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Following <I>ASC 350 &ndash; Intangibles
- Goodwill and other</I>&rsquo;s top-down approach, we identified numerous product lines across our operating segments (see appendix
1). The licensed products operating segment, non-licensed products operating segment and retail operating segment currently include
36, 21 and 4 product lines, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>Aggregation of the components
into reporting units</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">ASC 350-20-35-35 states that components
of an operating segment with similar economic characteristics should be aggregated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In determining whether the components
of an operating segment have similar economic characteristics, we considered all of the factors listed in ASC 280-10-50-11. These
factors are:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 81pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">a)</TD><TD STYLE="text-align: justify">The similarity of the nature of products and services</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">b)</TD><TD STYLE="text-align: justify">The similarity of the nature of the production process</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">c)</TD><TD STYLE="text-align: justify">The similarity of the type of class of customers</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">d)</TD><TD STYLE="text-align: justify">The similarity of the methods used to distribute the product</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 63pt"></TD><TD STYLE="width: 18pt">e)</TD><TD STYLE="text-align: justify">The similarity of the regulatory environment (which is not applicable to G III as this criterion
is more relevant to heavily regulated industries such as banks or insurance companies).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Each of the components (product lines)
within the licensed and non-licensed operating segments are related to a brand or label (e.g. Levi&rsquo;s, Nine West, Dockers)
or the subset of a brand or label represented by a product category or gender (e.g. Calvin Klein men&rsquo;s outerwear, Guess dresses).
The retail operating segment is comprised of various Company operated retail stores. The similar economic characteristics between
our product lines are mainly driven by assessing whether or not the product line is distributing apparel or accessory products
under a brand that G III licenses from a third party or a brand that G III owns. Our retail stores that sell product direct to
consumer have operational characteristics different from our other two segments and constitute our retail operating unit and reporting
segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">While conducting our evaluation of
reporting units, we considered if dissimilarities existed within our operating segments that would require further disaggregation
beyond the operating segments identified under <I>ASC 280 &ndash; Segment reporting</I>. As a result of our evaluation, we determined
the operating segments identified were also the appropriate reporting units as the components within the operating segment shared
similar economic characteristics as discussed below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Licensed Products</I></B><I>: </I>We
identified 36 product lines under the licensed products operating segment. These product lines show common characteristics with
respect to ASC 280-10-50-11&rsquo;s aggregation criteria:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of product</I>: for the components, the products sold consist of apparel and accessories
that are sold under brands that we license from third parties. The products are all discretionary consumer usable goods which are
fashion oriented (apparel and accessories).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of the production process</I>: each product within this operating segment is manufactured
through the same production process. The design function is managed by G III while production is performed by independent contract
manufacturers. We are required under our license agreements to receive approval from the licensor as to all design and other elements
of a product prior to production. The manufacturers used by us are also subject to licensor&rsquo;s approval.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Type of class of customers</I>: products are sold to customers through employed sales staff
and, to a lesser extent, a network of commissioned sales representatives. Customers for our licensed products consist of department
stores, specialty and mass-merchant retail stores. Our license agreements contain requirements with respect to our sales personnel
and our sales efforts. The method used to market the product includes the use of an interchangeable sales force amongst product
lines.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Distribution channel</I>: our licensed products are distributed to consumers through a variety
of retail stores ranging from department stores, such as Macy&rsquo;s, Bloomingdale&rsquo;s, Nordstrom, Bon-Ton Stores and Kohl&rsquo;s,
to club stores, such as Sam&rsquo;s and Costco. Under our license agreements, we must sell licensed products to retail customers
that are approved by the licensor. The chain of distribution (e.g. warehouse, transporters) is common to all the components.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Non-Licensed Products</I></B><I>:
</I>We identified 21 product lines under the non-licensed products operating segment. These product lines show common characteristics
with respect to ASC 280-10-50-11&rsquo;s aggregation criteria:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of product</I>: the products sold consist of apparel and accessories that are sold under
brands that we own or private labels owned by our customers. All marketing and promotions, if any, are done by G III. The products
are all discretionary consumer usable goods which are fashion oriented (apparel and accessories).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of the production process</I>: each product within this operating segment is manufactured
through the same production process. The design function is managed by G III while the production is performed by independent contract
manufacturers. G III controls the design and manufacturer of all of its non-licensed products.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Type of class of customers:</I> products are sold to customers through employed sales staff
and, to a lesser extent, a network of commissioned sales representatives. Customers for our licensed products consist of department
stores, specialty and mass-merchant retail stores. The method used to market the products includes the use of an interchangeable
sales force amongst components.</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Distribution channel</I>: products sold by the components are mostly distributed to consumers
through a variety of retail stores ranging from department stores,</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">&nbsp;</TD><TD STYLE="text-align: justify">such as Macy&rsquo;s, Bloomingdale&rsquo;s,
Nordstrom, Bon-Ton Stores and Kohl&rsquo;s, to club stores, such as Sam&rsquo;s and Costco. A small amount of our non-licensed
products (less than 1% of sales) are sold by third parties who enter into franchise or license agreements that permit them to
sell products using brands that we own. The chain of distribution (e.g. warehouse, transporters) is common to all the components.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Retail</I></B><I>: </I>We identified
4 product lines that we aggregated under the retail operating segment. These product lines show common characteristics with respect
to ASC 280-10-50-11&rsquo;s aggregation criteria:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of product</I>: the products sold in our retail stores consist of licensed and non-licensed
apparel and accessories.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Nature of the production process</I>: this segment includes retail stores; the retail stores
purchase a majority of product from G III or from third party vendors on a landed basis.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Type of class of customers</I>: our retail stores sell products direct to consumer.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in">o</TD><TD STYLE="text-align: justify"><I>Distribution channel</I>: sales in this segment are primarily through &ldquo;brick and mortar&rdquo;
stores, owned and operated by us. An insignificant percentage of this segment&rsquo;s revenue constitutes internet sales directly
to consumers.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In addition, ASC 350-20-55-6 through
55-8 indicate that &ldquo;<I>evaluating whether two components have similar economic characteristics is a matter of judgment that
depends on specific facts and circumstances. That assessment should be more qualitative than quantitative.</I>&rdquo; We took into
consideration other qualitative factors evidencing the inter-connection of the components. We also considered the impact of acquisitions
on our operating segments. For instance, we noted that the acquisition of J. Percy for Marvin Richards (Marvin Richards) in July
2005 greatly benefited the licensed products reporting unit as a whole. It not only allowed all the components in the segment to
benefit from the management expertise at Marvin Richards and their industry contacts, but also helped to strengthen our relationship
with PVH Corp. (PVH), the owner of the Calvin Klein brand, which enabled us to obtain additional licenses under this brand from
PVH.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Another qualitative consideration
we used for aggregation purposes was to assess the amount of resources shared between the product lines within a segment. The product
lines identified use common inputs and processes such as distribution and office facilities, procurement, customer relationships
and strategic management functions. The product lines of both licensed products and non-licensed products operating segments share
significant commonalities in these areas. We provide shared services in overseas quality control and sourcing, logistic management
and consolidation of shipments, storage and domestic distribution, accounting, information technology support, human resources,
credit and collection and, to some extent, customer service.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In conclusion, we believe it is appropriate
to aggregate the numerous product lines of our business under their respective operating segment and allocate goodwill and test
its impairment at the reporting unit, which are also our operating segments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>Goodwill allocation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The goodwill recorded under the licensed
products reporting unit was the result of two separate acquisitions which were completed in July 2005. In both acquisitions, we
purchased assets that related to both our licensed products and non-licensed products segments. The allocation of goodwill was
made between the two reporting units based upon the relative fair values of identified intangibles assets that were acquired and
that were determined to relate to each reporting unit. In the fiscal year ended January 31, 2009, the Company wrote off the goodwill
associated with its Non-Licensed reporting unit ($31.2 million).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In addition, we completed the acquisition
of Vilebrequin in August 2012. We recorded goodwill in the amount of $34.3 million as a result of this transaction. The goodwill
is associated with the Vilebrequin component, which is included in our non-licensed products reporting unit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>Note K &ndash; Segments, page F-22</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD><B>We note your disclosure that you aggregate your operating divisions into three reportable segments. Please provide us with
a detailed discussion of how you identified your operating segments and which operating segments have been aggregated into your
three reportable segments. Please explain how you applied the aggregation criteria of FASB ASC 280-10-50-11, including considerations
of economic similarity, in arriving at your reportable segments. Please note your discussion should also address your recent acquisition
of G.H. Bass &amp; Co. that has been included in your retail segment per the disclosure on page 14 of your 10-Q for the quarter
ended October 31, 2013. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><U>Response</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Upon further review, we note that
the Company discloses on page F-22, and elsewhere, of our fiscal year 2013 form 10-K that &ldquo;<I>The Company aggregates its
operating divisions into three reportable segments</I>&rdquo;. In retrospect, we recognize that this sentence is misleading as
we do not aggregate operating divisions into reportable segments. Accordingly, we will revise that language in our next and all
future filings to clarify that our operating segments are all reporting segments. We plan to file our form 10-K for the year ended
January 31, 2014 on or about March 31, 2014 and we do not believe that prior filings need to be revised to reflect this change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">To determine our reporting segments,
we followed the steps prescribed by <I>ASC 280 &ndash; Segment reporting</I>. These steps consist of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">Identification of the Chief Operating Decision Maker (CODM).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">Identification of the operating segments.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3)</TD><TD STYLE="text-align: justify">Application of the aggregation criteria.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">4)</TD><TD STYLE="text-align: justify">Determination of the reportable segments based on quantitative thresholds.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">5)</TD><TD STYLE="text-align: justify">Aggregation of the segments that do not meet the quantitative threshold.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">6)</TD><TD STYLE="text-align: justify">Assessment of the revenue covered by the reportable segments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I><U>Identification of
the CODM</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">ASC 280-10-50-5 identifies the CODM
as the individual or function responsible for decisions about overall resource allocation and performance assessment for each of
the business units of an enterprise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Our product lines are managed by
presidents, vice presidents and senior sales staff (&ldquo;component manager&rdquo;), or combinations thereof. Even though component
managers are responsible for managing their respective product line, the final decision regarding the allocation of resources is
made by our CEO. Furthermore, decisions about resource allocation and performance assessment are made at the highest level of management,
notwithstanding the fact that lower levels of management may be responsible for operating, budgeting, and reporting aspects of
individual business units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">We have determined that our CEO,
Morris Goldfarb, is the Company&rsquo;s CODM.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I><U>Identification of
the Operating Segments</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">While identifying our operating segments,
we considered the objectives of <I>ASC 280 &ndash; Segment reporting</I>, which consist of enhancing financial statements information
and helping the financial statement user to better understand the entity and assess its future cash flow. <I>ASC 280 &ndash; Segment
reporting</I> should allow the financial statements user to read the financial statements through the eyes of the company&rsquo;s
decision maker. In addition, we wanted to validate that the way the segment information was disclosed in our filings is consistent
with the way the Company is managed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The CEO defines the Company&rsquo;s
global strategy and is accountable to the Board of Directors based on the successes or failures of strategies implemented. We believe
that the manner in which our segments are disclosed is an accurate representation of how the highest level of management implements
the Company&rsquo;s strategy. Our current and historical goal is to continue to become a diversified apparel company and brand
owner. Brand recognition and ownership is a major key to being successful in our industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
majority (approximately 78% of our wholesale sales) of the products we distribute are under brands that we license from third parties.
Selling products under a license agreement involves certain restrictions. License agreements limit the product categories we can
manufacture and distribute, the customers to which we can sell, and the geographic region in which we can sell and distribute such
products. Under our license agreements, we are also generally required to obtain the approval of the licensor as to all design
and other elements of a product prior to production.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Brand ownership allows us unlimited
geographic distribution and products diversification, as well as the ability to act as a licensor, when practicable. There is no
formal limitation regarding which retail stores we can use for our ultimate distribution to consumers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">G III retail operations began in
2008 with the acquisition of the Wilsons Leather retail outlet chain which contributed to our diversification efforts. G III&rsquo;s
owned retail stores operate primarily in manufacturers&rsquo; outlet centers across the United States. In November 2013, we expanded
our retail operations with the acquisition of the G.H. Bass &amp; Company. (&ldquo;G.H. Bass&rdquo;) brand, a retail chain which
is comprised of 156 outlet based stores.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Our growth strategy requires the
allocation of resources to one of these three segments. Regular resource allocation choices include a decision to either: 1) enter
into new licenses, 2) expand the portfolio of brands that we own, through acquisition or creation, or 3) invest in our retail distribution
model. Our CODM utilizes relevant operating segment financial information to make these decisions. New license agreements require
expenditures related to personnel, showroom facilities, and marketing and advertising, as well as other contractual requirements.
Capital expenditures have been primarily incurred for the development of additional retail stores, showroom space for licensed
and non-licensed wholesale product lines and warehouse space. Resources allocations have also been made to increase headcount and
increase marketing expenditures for our owned brands. Each of these significant resource allocation decisions have served to benefit
the business at the licensed, non-licensed and retail level. Strategic business and resource allocation decisions are not made
by the CODM at the product line level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>ASC 280 &ndash; Segment reporting</I>
defines an operating segment as a component of an enterprise whose operating results are regularly reviewed by the CODM to make
decisions about resources to be allocated to the segment and assess its performance. We identified three operating segments: licensed
products, non-licensed products and retail that are consistent with management&rsquo;s view of revenue generating platforms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In our evaluation of our operating
segments, we assessed each of the criteria defined by ASC 280-10-50-1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">1)</TD><TD STYLE="text-align: justify">Is the identified operating segment engaged in a business activity?</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">Each identified operating segment
is regarded by management as a distinct business platform. Each clearly engages in a business activity and generates revenue and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">incurs expense. Accordingly, our operating segments are compliant with the first criterion defining an operating segment.</P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: justify">Is discrete financial information available for each identified operating segment?</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">A set of financial results is prepared
monthly at the identified operating segment level. The information provided consists of an income statement report down to operating
profit and selected information relating to specific balance sheet accounts. Accordingly, our operating segments are compliant
with the second criterion defining an operating segment.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">3)</TD><TD STYLE="text-align: justify">Are the identified operating results for each operating segment regularly reviewed by the CODM?</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">The discrete financial information
prepared for each identified operating segment on a monthly basis is regularly reviewed by the CODM to assess the Company&rsquo;s
overall strategy and allocation of resources. Accordingly, our operating segments are compliant with the third criterion defining
an operating segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The activities of the licensed product
lines consist of the sale of products under brands licensed by third parties to G III. One of the economic characteristics of the
product lines within the licensed products operating segment is that they are subject to the provisions and conditions of various
license agreements. Design and production specifications require licensor&rsquo;s approval and acceptable customers are established
by the licensor regarding sales to third parties. Royalty rates, guaranteed minimum royalties and required advertising expenditures
may greatly impact operating profits of the product lines in this operating segment. License agreements have finite terms and the
ability to renew these agreements on similar terms, or terms that are acceptable to the Company are not guaranteed and are at the
discretion of the licensor. Renewing a license agreement may be subject to attaining minimum sales and/or royalty levels and to
compliance with the provisions of the license agreement. G III, however, benefits from the national image and marketing efforts
made by a licensor on behalf of its brands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The activities of non-licensed product
lines consist of selling products under brands owned by G III or under a private label brand owned by our customer. The Company
has complete discretion over owned product lines within this operating segment, from the design process to the choice of the distribution
channel (i.e. we don&rsquo;t need the approval of a licensor). G III is responsible for advertising or marketing to promote brands
that it owns. Our private label business is developed in collaboration with the retail customer and not a licensor. G III is responsible
for advertising or marketing to promote brands that it owns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The retail operations operating segment&rsquo;s
activities consist of selling goods direct to consumer through retail stores owned and operated by us. Our retail operations consist
primarily of &ldquo;brick and mortar&rdquo; stores, and, to a much lesser extent, website sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">We also considered whether each of
our product lines constitute an operating segment. Based on the criteria set forth by ASC 280-10-50-1, we note that a product line
is</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">engaged in a business activity. Certain financial information is also prepared on a monthly basis for each product line. The
level of review of the product lines&rsquo; financial information is different from the operating segment financial information
level of review. ASC 280-10-50-1b states that &ldquo;an operating segment is regularly reviewed by the public entity's CODM to
make decisions about resources to be allocated to the segment&rdquo;. With respect to our product lines, the CODM does not make
the decision to allocate resources to a specific product line. The decision to allocate the Company&rsquo;s resources is done at
a broader level and is done in accordance to the approach described above. As such, we believe that a product line does not constitute
an operating segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The licensed, non-licensed and retail
operations are reviewed monthly by the CODM and are the basis for continued development of our business and for the allocation
of resources. Accordingly, we have concluded that licensed products, non-licensed products and retail are our operating segments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I><U>Determination of
the reportable segments based on quantitative thresholds</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">We noted that our three identified
operating segments met the quantitative thresholds defined by ASC 280-10-50-12 to be disclosed as separate reportable segments.
For the fiscal year ended January 31, 2013, the net sales of the licensed products, non-licensed and retail operating segments
represented 67%, 19% and 14%, respectively, of the total net sales (internal and external) of all operating segments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><I><U>Recent acquisition
of G.H. Bass &amp; Company</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On November 4, 2013, we acquired
substantially all of the assets of the G.H. Bass business (G.H. Bass), which consists of 156 G.H. Bass &amp; Co. outlet retail
stores.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The G.H. Bass stores will be operated
in a manner similar to our Wilsons Leather stores and we are using the expertise of our Wilsons Leather team to improve the operations
of the G.H. Bass &amp; Company stores.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In accordance with the criteria defined
by ASC 280-10-20-11, we believe that G.H. Bass should be included in the retail reporting segment as the product line shares the
following characteristics with the retail reporting segment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The products sold by the retail reporting
segment consist of licensed and non-licensed apparel and accessories. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Product lines within the retail reporting
segment primarily operate retail outlet stores and do not manufacture product.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Product lines within the retail reporting
segment sell their products directly to the consumer.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Product lines within the retail reporting
segment distribute their products through &ldquo;brick and mortar&rdquo; stores or using an e-commerce platform.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD><B>Please expand your disclosure in future filings to include a reconciliation of the total of each reportable segment&rsquo;s
assets to your total consolidated assets. Refer to FASB ASC 280-10-50-30c. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><U>Response</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company advises the Staff that
in the future it will consider the requirements of FASB ASC paragraph 280-10-50-30c and, as applicable, will include such disclosure
in the Notes to Consolidated Financial Statements with respect to our segments. The information will include the reconciliation
of each reportable segment&rsquo;s assets to the total consolidated assets disclosed in our consolidated balance sheet.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company confirms that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">the Company is responsible for the adequacy and accuracy of the disclosure
in the filing;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Staff comments or changes to disclosure in response to Staff comments
do not foreclose the Commission from taking any action with respect to the filing; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 57pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">The Company may not assert Staff comments as a defense in any proceeding
initiated by the Commission or any person under the federal securities laws of the United States.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">If any member of the Staff has questions regarding
the foregoing, please do not hesitate to call or e-mail Neal S. Nackman at (212) 403-0654 or nealn@G III.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Neal S. Nackman</FONT></TD>
    <TD STYLE="width: 50%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Neal S. Nackman </FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Financial Officer </FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>James Giugliano, Securities and Exchange Commission</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Angela Halac, Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Neil Gold, Esq., Fulbright &amp; Jaworski LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">Manuel G. Rivera, Esq., Fulbright &amp; Jaworski LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Appendix 1: list of product lines.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 40%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Product
    Line</B></FONT></TD>
    <TD STYLE="width: 20%; padding-bottom: 1pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Times New Roman, Times, Serif"><B>Segment</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sean John Boys</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Enyce</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sean John Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Nine West</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sean John Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Luggage</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Vince Camuto Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ellen Tracy Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jessica Simpson Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dockers</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Guess Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jones Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Tommy Hilfiger</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Guess Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Vicky Tiel</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Kenneth Cole Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Kenneth Cole Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Sportswear</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Mens</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Womens Suits</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Performance</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">TH Luggage</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Vince Camuto Mens</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Handbags</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sports</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Kensie</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Ellen Tracy Outerwear</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jessica Simpson Outerwear</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Guess Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cole Haan Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Levi's</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Cole Haan Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CK Accessories</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Leslie Fay Dresses</FONT></TD>
    <TD STYLE="padding-bottom: 1pt;border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Andrew Marc Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jessica Howard</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Andrew Marc Handbags</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Andrew Marc Dresses</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Wilson's Private Label</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Andrew Marc Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Colebrook Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Black Rivet Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Childrens Outerwear</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marc NY Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Private Label</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Womens Colebrook</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Winlit Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marc NY Men</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Winlit Women</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Eliza J</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Coldwater Creek</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">G-III China</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marvin Richards</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">VBQ</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: Silver">
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Marc Moto</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Non-Licensed</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AM Retail Group</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retail</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Andrew Marc Retail</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retail</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">G-III Retail</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retail</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font: 10pt Times New Roman, Times, Serif">GT International Fashion</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Retail</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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