
G-III Apparel Group Ltd, which already owns 19% of the fashion brand founded by Karl Lagerfeld, announced on Monday that it will pay 200 million dollars to fully acquire the ready-to-wear label.
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G-III Apparel Group Ltd, which already owns 19% of the fashion brand founded by Karl Lagerfeld, announced on Monday that it will pay 200 million dollars to fully acquire the ready-to-wear label.
G-III Apparel Group said on Thursday net sales for the fiscal year 2022 surged 35%, on the back of even stronger sales in the fourth quarter, as the U.S fashion group recorded its "strongest year" in company history.
“You need to give time some time,” explains Roland Herlory, the CEO of Vilebrequin, as he reveals a fresh artist collab with the brand, which he has quietly built into the market leader in luxury swimwear.
The New York-based fashion group announced improvements in sales and earnings for the first quarter of 2020 on Wednesday, but disappointed with total revenues that came in under analysts’ predictions.
New York-based G-III Apparel Group announced on Thursday a record year with net sales hitting $3.08 billion, up from $2.81 billion in the prior year, jumping almost 10 percent.
G-III Apparel Group announced a second quarter record with net sales up 16.1 percent hitting $624.7 million, compared to $538.0 million reported in the prior year period.
The New York-based apparel group behind DKNY, Donna Karan and Vilebrequin saw net sales rise 16% in Q1 2019, hitting a first quarter record of $611.7 million, compared to $529.0 million in the prior year period.
Fashion labels DKNY and Donna Karan have become the latest major brands to abolish the use of fur in their collections.
G-III Apparel ended the year with double-digit growth, following a standout sales year with net sales of $2.81 billion, up 17.6 percent.
G-III Apparel's double-digit growth streak continued well into the third quarter with net sales up 16 percent at $1.02 billion, setting another quarterly record.