G-III Apparel Group has finished acquiring 81 per cent stake in fashion brand Karl Lagerfieldfor approximately $214 million. G-III purchased the stake in the brand from a group of private and public investors, led by Fred Gehring of Amton 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.

The brand joins the G-III portfolio of more than 30 licensed and proprietary brands, including DKNYY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. G-III’s owned brands include DKNY, Donna Karan, Karl Lagerfeld, Karl Lagerfeld Paris, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, and Sonia Rykiel. G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld, Karl Lagerfeld Paris, and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather, and G.H. Bass brands.

In 2019, Karl Lagerfeld joined the Fashion Pact, a global sustainability initiative seeking to transform the fashion industry through objectives in three areas: climate, biodiversity, and ocean protection.