S&P Upgrades G-III Apparel Outlook to Stable
The DKNY and Donna Karen brand owner, which also has a significant league licensed apparel business, sees Standard & Poor’s revise its outlook to stable from negative, based on improving financial results. Despite plunging sales in the pandemic, profitability and free operating cash flow were better than expected and GIII ended last year with leverage of just 1.6x, well ... Log in to view full article.
