Karl Lagerfeld Owners Sell Brand to G-III in $210 Million Deal

The owners of the Karl Lagerfeld fashion brand sold a majority stake to G-III Apparel Group Ltd. for 200 million euros ($210 million) in cash.

G-III said Monday it agreed to buy 81% of Karl Lagerfeld from a group of private and public investors led by Fred Gehring of Amlon Capital. G-III had already bought a 19% stake in 2016 and also formed a joint venture in North America the year before.