The Karl Lagerfeld brand expanding into the North American market. G-III Apparel Group Ltd. and Karl Lagerfeld Group BV entered a joint venture agreement, and Spring 2016 will mark the launch of women’s apparel and handbags.
“We continue to execute ambitious plans and a global growth strategy for the Karl Lagerfeld business,” said Pier Paolo Righi, CEO and president of Karl Lagerfeld Group BV. “The North American market forms an important part of these plans.”
G-III is the first licensee of the joint venture and was granted a five year license for women’s apparel and handbags and men’s outerwear. The joint venture expects to add more category licenses over time to G-III and/or to other parties. G-III now holds a 49 percent interest in the joint venture.