G-III Apparel and Karl Lagerfeld Group have entered into a joint venture.

G-III Apparel, clothes manufacturer and Karl Lagerfeld Group, clothes and accessories manufacturer have entered into a joint venture. The agreement is for the development of the iconic designer’s namesake brand in the North American market. “Karl Lagerfeld has a rich history and has truly captured and captivated the imagination of women and men around the world. We are excited to have formed this partnership and are poised to launch this iconic fashion brand to a new generation of consumers. We are looking forward to shipping product for the Spring 2016 season and believe we can build and grow a meaningful business for Karl Lagerfeld product.” Morris Goldfarb, G-III’s Chairman, Chief Executive Officer and President.