Morris Goldfarb has been the CEO of G-III Apparel Group since 1998. He holds a Bachelor's degree in Business Administration and has a strong background in business management. Under his leadership, G-III has seen impressive financial successes, including an adjusted...
Morris Goldfarb has been the CEO of G-III Apparel Group since 1998. He holds a Bachelor's degree in Business Administration and has a strong background in business management. Under his leadership, G-III has seen impressive financial successes, including an adjusted pre-tax income of $247 million for fiscal 2024 - hitting targets significantly higher than previous years. His compensation reflects this success, with a total of $31.4 million in fiscal 2024 that combines salary, bonuses, and stock awards. Goldfarb directly benefits from the company's performance-based reward system, receiving a hefty bonus due to exceeding performance metrics. He was pivotal in aligning the company’s structure with industry standards, working with high-profile peers like Ralph Lauren and PVH Corp. Over the years, he has maintained a focus on performance-based incentives, ensuring that his interests are tightly linked to those of G-III shareholders. In addition to managing G-III, which boasts brands like DKNY and Tommy Hilfiger, Goldfarb manages significant stock holdings, suggesting a strong belief in the company’s continued growth. His career reflects a deep commitment to the apparel industry, across which G-III has evolved into a leader, showing that skill and strategic insight can result in vast rewards.