Karl Lagerfeld news and archive

Karl Lagerfeld parent G-III posts surprising sales and profit growth

US clothing group G-III Apparel Group Ltd. closed the 2024/25 financial year with surprisingly strong sales and profit growth. This is evident from the annual report that the parent company of fashion brands Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel presented on Thursday. In the past fiscal year, which ended on January 31, the group's...

Fashion

Karl Lagerfeld marks 15th anniversary of Tokidoki collab with limited-edition drop

Maison Karl Lagerfeld is celebrating the 15th anniversary of its collaboration with Tokidoki, the iconic lifestyle brand from Italian artist Simone Legno, with the launch of two exclusive collectible dolls that honor the ongoing creative collaboration. Karl and Simone Legno, taken in 2009 during the Tokidoki launch event at the Saint Germain...

Fairs

Karl Lagerfeld to return to Pitti Uomo with immersive brand experience

Karl Lagerfeld has announced its upcoming return to Pitti Uomo in Florence, Italy. Taking place from January 14 to 17, 2025, Karl Lagerfeld will host a one-of-a-kind immersive presentation that invites visitors to step into the World of Karl. The presentation at Pitti Uomo aims to capture the brand’s heritage through storytelling and custom...

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G-III raises earnings guidance for fiscal 2025

G-III Apparel Group’s third quarter net sales increased 1.8 percent to 1.09 billion dollars, while net income was 114.8 million dollars or 2.55 dollars per diluted share. The company said non-GAAP net income per diluted share was 2.59 dollars for the quarter compared to 2.78 dollars in the same period last year. Commenting on the financial...

Fashion

H&M marks 20th anniversary of Guest Designers Collaborations with limited re-release drop

H&M is celebrating the 20th anniversary of its guest designer collaborations by revisiting and releasing some of its most iconic collaborative collections. The Swedish fashion retailer launched its first designer collection with Karl Lagerfeld, the creative director of Chanel at the time, in 2004. One of the first of its kind, the collaborative...

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G-III raises fiscal 2025 profit guidance

G-III Apparel Group reported net sales for the second quarter decreased 2 percent to 644.8 million dollars. Net income for the quarter rose to 24.2 million dollars or 53 cents and non-GAAP net income per diluted share increased to 52 cents. The company expects 2025 net sales to increase by approximately 3 percent to 3.20 billion dollars, net...

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G-III Apparel Group posts sales and earnings growth

G-III’s net sales for the first quarter were 609.7 million dollars , while net income rose to 5.8 million dollars or 12 cents per diluted share versus the prior year’s quarter. Non-GAAP net income per diluted share was 12 cents for the quarter compared to 13 cents in the same period last year. Commenting on the first quarter results, Morris...

G-III Apparel forms strategic partnership with AWWG as it eyes up international expansion

G-III Apparel Group, Ltd. (GIII), the parent company of DKNY, Karl Lagerfeld, Donna Karan, and Sonia Rykiel, has signed a strategic partnership with Spanish fashion group All We Wear Group (AWWG) to accelerate the international expansion of its fashion brands. Under the agreement, G-III acquired an approximately 12 percent stake in the...

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G-III Apparel posts Q4 revenue decline of 10.5 percent

Fourth quarter net sales at G-III Apparel Group decreased 10.5 percent to 764.8 million dollars. Net income for the quarter was 28.9 million dollars or 61 cents per diluted share, while non-GAAP net income per diluted share increased to 76 cents. Commenting on the results, Morris Goldfarb, G-III’s chairman and CEO, said: “We delivered strong...

Culture

Daniel Bruhl on playing Karl Lagerfeld: 'He walked like a matador'

Paris - Daniel Bruhl has the role of a lifetime as one of fashion's most iconic designers in "Becoming Karl Lagerfeld". He literally had to walk in the man's shoes to nail it. The show, which comes to Disney+ in June, follows the ponytailed couturier, whose ice-cold wit and groundbreaking designs for the likes of Fendi and Chanel made him a...

BusinessMember

Karl Lagerfeld's Paris home up for auction

Karl Lagerfeld's Paris apartment will go up for auction with a guide price of 5.3 million euros (5.8 million dollars), the notary responsible for the sale said Tuesday. Located in a 17th century building on Quai Voltaire, the three-room apartment has a view overlooking the Seine and the Louvre Museum. It will go under the hammer at Paris Chamber...

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G-III Apparel Group ups full-year outlook as Q2 sales rise

G-III Apparel Group has upped its full-year guidance after reporting a 9 percent increase in sales but narrowing profits in the second quarter. The group, whose portfolio includes brands Karl Lagerfeld, DKNY, and Donna Karan, generated sales of 659.8 million dollars in the three months ended July 31. That’s compared to sales of 605.2 million...