G-III Apparel Group, Ltd. to Design and Produce Wal-Mart's Exsto Brand; To Supply Sportswear, Outerwear, and Hats; Launch to Begin July 1, 2006

NEW YORK, March 30, 2006 -- G-III Apparel Group, Ltd. (GIII) today announced that it had expanded its relationship with Wal-Mart Stores, Inc. (WMT) with its participation in the design and production of a new young men's branded sportswear line, Exsto, which Wal-Mart recently acquired from G-III Apparel. The Exsto brand is aimed at price-conscious, male consumers between 18 and 35 who seek strong fashion that reflects a hip, urban sensibility. G-III noted that it is currently the sole supplier of Exsto branded products to Wal-Mart. Initially, the line will consist of sportswear, outerwear and hats and is expected to be available in 300 select Wal-Mart stores for the upcoming Fall season.

Morris Goldfarb, G-III's Chief Executive Officer, said, "We are pleased to have this opportunity to deepen our relationship with Wal-Mart through this very significant program. We are looking forward to demonstrating our effectiveness to this important customer as a supplier of a full-range of four-season apparel. This is an excellent example of the broadened range of growth opportunities we now have in front of us. We are excited to continue to diversify and develop our business, while creating value for our customers, the consumer, and our shareholders."

The company noted that Jeffrey Tweedy, who joined G-III in December 2005 as President of the Company's sportswear division, is spearheading the development of the Exsto line. Prior to holding this position, Mr. Tweedy was Executive Vice President of Sean John Apparel, having helped build Sean John into a $450 million global lifestyle brand from its inception in 1998. Mr. Tweedy has also held the positions of Vice President of Karl Kani Jeans, Sales Manager for Ralph Lauren Womenswear, and National Sales Manager of Knitwear for Hugo Boss.

About G-III Apparel Group, Ltd.

G-III Apparel Group, Ltd. is a leading manufacturer and distributor of outerwear and sportswear under licensed labels, its own labels and private labels. G-III has fashion licenses, among others, with Calvin Klein, Sean John, Kenneth Cole, Nine West, Cole Haan, Guess?, Jones Apparel, Cece Cord, Izod, Ellen Tracy, Tommy Hilfiger, Donald Trump, and sports licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Louisville Slugger, NASCAR, World Poker Tour and more than 60 universities nationwide. G-III-owned labels include, among others, Marvin Richards, Black Rivet, Winlit, LNR, La Nouvelle Renaissance, Colebrook and Siena Studio.

Statements concerning the Company's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are "forward-looking statements" as that term is defined under the Federal Securities laws. Forward-looking statements are subject to risks, uncertainties and factors include, but are not limited to, reliance on licensed product, reliance on foreign manufacturers, the nature of the apparel industry, including changing customer demand and tastes, seasonality, customer acceptance of new products, the impact of competitive products and pricing, dependence on existing management, possible disruption from acquisitions, general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this release.

Contacts: G-III Apparel Group, Ltd. 
          Wayne S. Miller 
          212-403-0500
              or 
          Investor Relations: 
          ICR, Inc. 
          James R. Palczynski 
          203-682-8200