DONNA KARAN acquired by G-III APPAREL GROUP

G-III Apparel Group acquired 100% of Donna Karan International from LVMH in a highly significant and transformational corporate transaction. The deal was structured via a definitive stock purchase agreement that combined cash, high-leverage institutional debt facilities, and vendor financing mechanisms. To execute the acquisition, G-III secured major financing commitments from Barclays and JPMorgan Chase. The purchase price was funded via a multifaceted capital structure consisting of senior bank debt, a $75 million seller’s note (vendor loan) extended by LVMH over a 6.5-year term, and $75 million in newly issued G-III common stock delivered directly to the French conglomerate. The transaction immediately transitioned the American fashion house into G-III's industrialized distribution matrix, allowing LVMH to successfully offload a non-core asset while granting G-III a critical, high-equity global "power brand" to achieve unmatched operational scale, diversify its product portfolio, and capture long-term retail volume expansion across the premium consumer market.