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

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.

ALCHEMPro News Desk (KD)