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 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 investors, led by Fred Gehring of Amlon Capital BV. G-III currently owns 19% of the brand and, through this transaction, will become the sole owner of the Karl Lagerfeld brand. The all-cash transaction has been approved by the board of directors of both companies.
Quick answer
G-III Apparel Group is acquiring Karl Lagerfeld, announced May 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.
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- The decision-makers there, with verified emails
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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 May 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 May 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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