G-III Apparel Group Completes Acquisition of Karl Lagerfeld
G-III completed its previously announced acquisition of the remaining 81% stake of fashion brand Karl Lagerfeld for €200 million (approx $214 mm) becoming a wholly owned subsidiary. The transaction was funded by GIII with cash on hand. It had previously owned 19% of the brand before purchasing the remaining interest from a group of private and public investors. The acquisition is ... Log in to view full article.