G-III Apparel Group completed the acquisition of a 12% stake in AWWG.

G-III Apparel Group, an an American clothing company, completed the acquisition of a 12% stake in AWWG, a fashion group which integrates the iconic brands Pepe Jeans London, Hackett and Façonnable. Financial terms were not disclosed. “This exciting partnership with AWWG helps us accelerate a number of our strategic priorities. It not only affords us the opportunity to meaningfully invest in a company with iconic brands, but also represents a sizable international presence with a strong infrastructure and talented leadership team that will benefit our efforts to scale our European business. At the same time, we look forward to supporting AWWG’s overall growth and advancement of their brands here in North America," Morris Goldfarb, G-III Apparel Chairman and CEO.