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G-III completes acquisition of Karl Lagerfeld brand

Fashion conglomerate G-III has announced it has completed the acquisition of the Karl Lagerfeld brand, securing the remaining 81 percent to become the sole owner. Snapping up the iconic label in a 200 million euro deal (approximately 214 million dollars), the group purchased the remaining stake from a group of private and public investors. The...

Jun 3, 2022