American apparel giant G-III Apparel Group has acquired a 19 per cent minority stake in the parent company Karl Lagerfeld to further strengthen their partnership with the brand and extend their business development opportunities.
As per the press release from the company, this deal is in addition to G-III’s possession of a 49 per cent interest in the North American JV that holds rights to the Karl Lagerfeld trademarks for consumer products like women’s handbags, men’s outerwear and apparel in US, Canada and Mexico.
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The coalition is expected to further improve Karl Lagerfeld’s ability to capitalize on important strategic opportunities and take the brand and business to new heights.
Morris Goldfarb, Chairman, CEO and President of G-III Group, said, “We are very pleased to increase our strategic and financial commitment in Karl Lagerfeld, a true iconic fashion brand. We are proud to have been able to acquire these opportunities as a result of our market knowledge, category expertise and strong operational platform. Now, with our expanded partnership in Karl Lagerfeld, we look forward to helping chart its course forward and captivating a generation of new consumers around the world.”
Bharat Tex Special Report 2026 
