G-III Apparel Group Completes Acquisition of Remaining 81% Stake in Karl Lagerfeld

June 2, 2022

G-III Apparel Group, Ltd. completed its previously announced purchase of the remaining 81% interest in the Karl Lagerfeld fashion brand for €200 million (approximately $214 million), subject to adjustments. The deal, funded with cash on hand, makes the Karl Lagerfeld brand wholly owned by subsidiaries of G-III.

Buyers
G-III Apparel Group, Ltd.
Targets
Karl Lagerfeld brand (KARL LAGERFELD)
Sellers
Group of private and public investors led by Fred Gehring of Amlon Capital BV
Location
Netherlands
Transaction Type
Buyout

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