G-III takes over Karl Lagerfeld

For years, G-III owned ~19% of Karl Lagerfeld B.V. Now it takes over the majority of the brand.

Karl Lagerfeld B.V. was owned by Fred Gehring (Ex Hilfiger CEO), the Chou family, Apax Partners, Sandbridge Capital, PVH Corp, and management.

The brand Karl Lagerfeld is a challange.

While alive, Karl Lagerfeld worked for Channel, Fendi (LVMH), and famously as a first for H&M.

At the same time he licensed his brand for perfume, menswear, etc. The menswear licensee in the 1990s, Klaus Steilmann, wanted to enter higher price points and North America.