−Removed: The offices, sales showrooms, distribution centers and warehouses that are material to us, all of which are leased, consist of:
−Removed: Property Type
−Removed: Lease Expiration
−Removed: Renewal Option
−Removed: Square Footage
−Removed: 500 and 512 Seventh Avenue, New York City
−Removed: Corporate Office and showrooms
−Removed: March 2023 through March 2028
−Removed: 231 West 39th Street, New York City
−Removed: Corporate Office and showrooms
−Removed: Jamesburg, New Jersey
−Removed: Distribution center
−Removed: December 2028
−Removed: South Brunswick, New Jersey
−Removed: Distribution center
−Removed: The leases for a large portion of our corporate office and showrooms located at 500 and 512 Seventh Avenue, New York City expired in March and December 2023.
−Removed: We are currently engaged in discussions with the landlord with respect to the renewal of these leases.
+Added: Corporate Offices, Showrooms and Distribution Center
+Added: We lease our corporate offices and showrooms, which are located in New York City, New York.
+Added: At January 31, 2025, the leases on our corporate offices and showrooms covered space of approximately 355,000 square feet and expire in 2034.
+Added: We also lease a distribution center which is located in Jamesburg, New Jersey.
+Added: At January 31, 2025, the lease on our distribution center covered space of approximately 583,000 square feet and expires in 2028.
+Added: The majority of our distribution centers are third-party service providers for which we do not enter into lease agreements.
Retail Stores
−Removed: As of January 31, 2024, we operated 104 Vilebrequin retail stores, 53 DKNY and Karl Lagerfeld Paris stores, 70 Karl Lagerfeld stores and 3 Sonia Rykiel stores.
−Removed: In addition, we operated 16 DKNY stores in China that are operated by a 75% owned subsidiary.
+Added: As of January 31, 2025, we operated 107 Vilebrequin retail stores, 49 DKNY and Karl Lagerfeld Paris stores, 64 Karl Lagerfeld stores and 1 Sonia Rykiel store.
Most leases for retail stores in the United States require us to pay annual minimum rent plus a contingent rent dependent on the store’s annual sales in excess of a specified threshold.
5 unchanged sentences
DKNY has 12 stores located in the United States and 2 stores located in Europe.
−Removed: In addition, DKNY has 16 stores located in Asia operated by Fabco.
Karl Lagerfeld Paris has 31 stores located in the United States and 4 store located in Canada.
−Removed: Sonia Rykiel has 3 stores located in Europe.
+Added: Sonia Rykiel has 1 store located in Europe.
Karl Lagerfeld has 64 stores located in Europe.
2 unchanged sentences
2030 and thereafter
+Added: For more information on our leases, please see Note 6 – Leases in the accompanying Notes to our Consolidated Financial Statements in this Annual Report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.