Subsequent Event

6 Months Ended

Jul. 31, 2018

Subsequent Events [Abstract]

Subsequent Event

Note 12 – Subsequent Event

In August 2017, the Company entered into a joint venture agreement with Amlon Capital B.V. (“Amlon”) to produce and market women’s and men’s apparel and accessories pursuant to a long-term license for DKNY and Donna Karan in the People’s Republic of China, including Macau, Hong Kong and Taiwan. The Company owns 49% of this joint venture, with Amlon owning the remaining 51%. The joint venture will be funded with $25 million of equity to be used to strengthen the DKNY and Donna Karan brands and accelerate the growth of the business in the region. Of that amount, the Company was required to contribute an aggregate of $10.0 million to the joint venture by August 2018. The Company had previously funded $49,000 of that amount upon signing the joint venture agreement. On August 7, 2018, the Company funded its remaining $9.9 million obligation to the joint venture.