GB Merchants Partners Sells Andrew Marc

Press Release
BOSTON, MA – March 24, 2008 – GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, today announced the sale of Andrew Marc to G-III Apparel Group, Ltd.

Andrew Marc is a well recognized, upscale brand that has been the primary and trusted source of leather outerwear to premier U.S. department stores for over 20 years. In 2004, GB Merchants Partners invested in the company and assisted in its transition from an outerwear business to a broader branded business that currently includes handbags and other accessories. For 2007, the Andrew Marc business recorded approximately $80 million of net sales under the Andrew Marc, Marc New York, and licensed Dockers and Levis brands.

“We have worked closely with the team at Andrew Marc to develop the Company’s owned and licensed brands,” stated Mark Schwartz, President and Chief Executive Officer of Gordon Brothers Group. “As we now focus on investing our $320 million fund, we are confident that G-III, a leader in outerwear, will fully realize Andrew Marc’s full potential.”

GB Merchant Partners has been successfully investing private equity capital for nearly a decade. The firm, which focuses on investing in middle-market, retail and consumer products companies, builds value by capitalizing on the industry knowledge, contacts and expertise of its parent company, Gordon Brothers Group. The collective expertise of Gordon Brothers Group is comprised of over 250 professionals and 300 field consultants, including former retail CEOs, CFOs, operators and merchants.

About GB Merchant Partners
GB Merchant Partners, LLC (“GBMP”) is the investment management affiliate of Gordon Brothers Group, with over $500 million of capital under management. The firm focuses on private equity, structured loan and secondary debt investments. Private equity investments are made through GBMP’s 1903 Equity Fund, which takes majority and minority equity positions in middle-market retail and consumer products companies. GB Merchant Partners leverages Gordon Brothers Group’s consumer products and retail expertise, and prefers to partner with management teams to complete a buyout, fund growth or facilitate a restructuring. Current private equity portfolio companies include: Clair de Lune, Deb Shops, Grafton Fraser, Things Remembered, Toys R Us, Dollarama, Laura Secord and Amscan. To learn more about GBMP please visit (