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G-III Apparel to buy Karl Lagerfeld brand
2022.05.02 13:56
FILE PHOTO: Singer Steven Tyler and Aimee Preston, carrying a bag with an image of Karl Lagerfeld, arrive for the iHeartRadio Music Awards in Los Angeles, California, U.S., March 14, 2019. REUTERS/Mario Anzuoni/File Photo
(Reuters) – G-III Apparel Group (NASDAQ:GIII) Ltd said on Monday it has agreed to acquire the remaining 81% stake in the Karl Lagerfeld brand for $210 million.