G-III Apparel Group Ltd. and Karl Lagerfeld Group BV, the parent company of the Karl Lagerfeld global brand, have entered into a joint venture to support and develop designer’s namesake brand in the North American market. Pier Paolo Righi, CEO and President of Karl Lagerfeld Group BV, averred, “We continue to execute ambitious plans and a global growth strategy for the Karl Lagerfeld business. The North American market forms an important part of these plans. G-III is a true leader in this market and has demonstrated excellence across a range of businesses. We believe that these first categories will quickly form the cornerstone of our North American business. We are excited for our future and to now add G-III’s value-added capabilities across a number of important categories.”
Also Read: Agreement between PVH Corp and G-III Apparel Group
