G-iii apparel group to purchase 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 has entered into an agreement to purchase the remaining 81% interest in famed fashion brand karl lagerfeld for €200 million ($210 million usd), subject to certain adjustments and customary closing conditions. g-iii will purchase the additional stake in the brand from a group of private and public in
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