Acquiring Company
G-III Apparel Group
Acquired Company
Karl Lagerfeld
New YorkOtherManufacturingSportsE CommerceFashionRetailOtherConsumer GoodsFood And BeverageDescription
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 private and public investors, led by Fred Gehring of Amlon Capital BV. 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.
Quick answer
G-III Apparel Group is acquiring Karl Lagerfeld, announced June 2, 2022. G-III Apparel Group is based in New York, New York, United States.
- How much did G-III Apparel Group pay for Karl Lagerfeld?
- The deal value was not disclosed.
- What does G-III Apparel Group do?
- G-III Apparel Group, Ltd. is a leading apparel company that designs, manufactures, and markets a wide range of clothing.
- Where are G-III Apparel Group and Karl Lagerfeld based?
- G-III Apparel Group is based in New York, New York, United States.
- Who are the decision-makers at G-III Apparel Group?
- Fundz holds 3 contacts at G-III Apparel Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at G-III Apparel Group, and when
When G-III Apparel Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day G-III Apparel Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at G-III Apparel Group, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Karl Lagerfeld?
Karl Lagerfeld was acquired by G-III Apparel Group, based in New York. The deal was reported on June 2, 2022. G-III Apparel Group, Ltd. is a leading apparel company that designs, manufactures, and markets a wide range of clothing. G-III Apparel Group is publicly traded (GIII) and operates in Other.
When did G-III Apparel Group acquire Karl Lagerfeld?
G-III Apparel Group's acquisition of Karl Lagerfeld was reported on June 2, 2022. G-III Apparel Group, Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Karl Lagerfeld do?
The House of KARL LAGERFELD shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit. It is privately held, operating in Other.
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