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  2. G-III Apparel Group Ltd
    • According to 4 sources
    G-III Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand.
    G-III purchased the remaining stake in the brand, that it did not previously own, from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The transaction was funded by G-III with cash on hand. As a result of the transaction, the Karl Lagerfeld brand is wholly owned by subsidiaries of G-III Apparel Group, Ltd.
    G-III purchased the remaining stake in the brand, that it did not previously own, from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The transaction was funded by G-III with cash on hand. As a result of the transaction, the Karl Lagerfeld brand is wholly owned by subsidiaries of G-III Apparel Group, Ltd.
    G-III Apparel Group, Ltd. (Nasdaq: GIII) (“G-III” or the “Company”), a global fashion leader with expertise in design, sourcing, and manufacturing, today announced that it has entered into an agreement to purchase the remaining 81% interest in famed fashion brand Karl Lagerfeld for €200 million ($210 million USD), subject to certain adjustments and customary closing conditions.
     
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    Karl Lagerfeld - Wikipedia

    In 1992, Dunhill Holdings—part of the Vendôme Luxury Group —acquired the Karl Lagerfeld brand from Cora-Revillon for an estimated $30 million. [115] [111] The acquisition was part of the agreement the company made with Lagerfeld for him to return to designing for the fashion house Chloé. [111] See more

    Karl Otto Lagerfeld was a German fashion designer.
    Lagerfeld began his career in fashion in the 1950s, working for several top fashion houses including Balmain, Patou, and Chloé before joining See more

    Early career, Chloé, and Fendi (1954–1982)
    In 1954, Lagerfeld submitted a dress design to the International Wool Secretariat's design competition. His submitted entry presaged the chemise dresses that would … See more

    There was much controversy from Lagerfeld's use of a verse from the Quran in his spring 1994 couture collection for Chanel, despite … See more

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    Karl Otto Lagerfeldt was born in Hamburg on 10 September 1933 to Elisabeth (née Bahlmann) and Otto Lagerfeldt. His father, coming from a family of wealthy wine-merchants, was a … See more

    Lagerfeld was recognized for his signature white hair, black sunglasses, fingerless gloves, and high, starched detachable collars See more

     
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  5. G-III Apparel to buy Karl Lagerfeld brand in $210 million all-cash …

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  10. The History of Fendi

    WEBKarl Lagerfeld joins the fashion house in 1965, marking the start of a new creative era destined to last over five decades. In 1992 he is seconded by Silvia Venturini Fendi, third generation of the Fendi family, and in 2000 …

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    WEBMay 2, 2022 · Apparel group G-III has big plans for the masstige brand Karl Lagerfeld, whose middle-market positioning riffs heavily on the famous designer who passed away three years ago. G-III said today it acquired …

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    WEBJun 8, 2024 · In addition to his label, designer Karl Lagerfeld was a creative force behind such brands as Tommy Hilfiger and Chanel. Learn about his life, career and cat.

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