G-iii apparel group completes acquisition of iconic karl lagerfeld brand

New york--(business wire)--g-iii apparel group, ltd. (nasdaq: giii) (“g-iii” or the “company”), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it completed its previously announced acquisition of the remaining 81% interest in famed fashion brand karl lagerfeld for €200 million (approximately $214 million usd), subject to certain adjustments. g-iii purchased the remaining stake in the brand, that it did not previously own, from a group of priv
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