G-III Apparel Group completed the acquisition of the remaining 81% stake in Karl Lagerfeld Brand from Apax for $210m.

G-III Apparel Group, a global fashion provider with expertise in design, sourcing, and manufacturing, completed the acquisition of the remaining 81% stake in Karl Lagerfeld Brand, a fashion brand, from Apax for $210m. “This transaction marks yet another significant milestone for G-III. Since acquiring a stake in the brand in 2015, G-III has built Karl Lagerfeld into an important and rapidly growing part of our North American business. Fully owning this visionary brand is a continuation of our successful partnership with the Karl Lagerfeld management team. Importantly, the addition of this iconic fashion brand to the G-III portfolio advances several of our key priorities, namely an increase in the direct ownership of brands and their licensing opportunities and further diversification of our global presence,” Morris Goldfarb, G-III’s Chairman and CEO.