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US' G-III Apparel completes acquisition of luxury brand Karl Lagerfeld

03 Jun '22
1 min read
Pic: Karl Lagerfeld
Pic: Karl Lagerfeld

G-III Apparel Group, Ltd, a US-based global fashion leader with expertise in design, sourcing and manufacturing, has announced that it has completed its previously announced acquisition of the remaining 81 per cent interest in famed fashion brand Karl Lagerfeld for €200 million (approximately $214 million), subject to certain adjustments.

G-III purchased the remaining stake in the brand, that it did not previously own, from a group of private and public investors, led by Fred Gehring of Amlon Capital BV, the company said in a media release.

The transaction was funded by G-III with cash on hand. As a result of the transaction, the Karl Lagerfeld brand is wholly owned by subsidiaries of G-III Apparel Group, Ltd.

Featuring Parisian-inspired classics with a rock-chic attitude, the Karl Lagerfeld portfolio includes ready-to-wear for women, men and kids, plus bags, small leather goods, footwear, fragrances, eyewear and more.

Fibre2Fashion News Desk (KD)

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