G-III APPAREL GROUP COMPLETES ACQUISITION OF ICONIC KARL LAGERFELD BRAND

G-III Apparel Group, Ltd., has announced that it completed its previously announced acquisition of the remaining 81% interest in famed fashion brand Karl Lagerfeld for approximately $214 million. 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.

The brand joins the G-III portfolio of more than 30 licensed and proprietary brands, including DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. G-III’s owned brands include DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, and Sonia Rykiel. G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld, Karl Lagerfeld Paris, and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather, and G.H. Bass brands.

The House of Karl Lagerfeld shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit. The brand celebrates his colossal legacy and breathes his passion, intuition, and inexhaustible creativity into the core of its DNA. 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. Design Director Hun Kim leads the maison’s creative vision, while additional members of the Karl family include Style Advisor Carine Roitfeld, brand ambassador Sebastien Jondeau and collaborator Amber Valletta, amongst others.

Karl Lagerfeld connects with consumers worldwide, with key retail locations in Paris, London, Munich, Berlin, Dubai and Shanghai. The brand also has a premium wholesale network and robust digital presence in Europe, the Middle East and Asia, and the global Karl.com flagship store.

In 2019, Karl Lagerfeld joined the Fashion Pact, a global sustainability initiative seeking to transform the fashion industry through objectives in three areas: climate, biodiversity, and ocean protection.