G‐III Apparel Group
Main questions
- How sound was G‐III’s business? Was the company suitable for an IPO?
- How good was G‐III’s management? How trustworthy was G‐III’s management?
- WhydidG‐III want to do an IPO? Why had G‐III opted for an IPO rather than searching for alternative forms of capital?
- Was the money raised put to good purpose?
- What was the role of Oppenheimer in the process? Was Oppenheimer’s role commensurate with its fees?
- Was $13 an appropriate price for G‐III? What was the intrinsic value per share of the company?
- What skeletons could potentially hide in the closet?