KARL LAGERFELD acquired by G-III APPAREL GROUP
Context
The acquisition of Karl Lagerfeld by G-III Apparel Group is a strategic move to expand the company's portfolio of luxury fashion brands. The deal allows G-III to become the sole owner of the renowned international fashion brand, enabling the company to leverage the brand's iconic vision and design aesthetic to drive growth and increase its presence in the global fashion market. The acquisition is expected to generate significant revenue growth for G-III, with the brand projected to represent over $2 billion in retail sales in the long term. The deal also provides G-III with a strong platform to further develop its luxury fashion business, building on the brand's existing presence in key markets such as Europe, the Middle East, and Asia. The acquisition is a testament to G-III's commitment to investing in high-quality brands with strong growth potential, and the company is well-positioned to capitalize on the opportunities presented by the deal. The transaction is also expected to enhance G-III's competitiveness in the global fashion market, enabling the company to better compete with other luxury fashion players. Overall, the acquisition of Karl Lagerfeld by G-III Apparel Group is a significant strategic move that is expected to drive long-term growth and success for the company.
KARL LAGERFELD, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).
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Target
KARL LAGERFELD is a renowned international fashion brand that shares the iconic vision and design aesthetic of its founder, Karl Lagerfeld, fused with a contemporary, forward-looking spirit. The brand celebrates his colossal legacy and breathes his passion, intuition, and inexhaustible creativity into the core of its DNA. Featuring Parisian-inspired classics with a rock-chic attitude, the KARL LAGERFELD portfolio includes ready-to-wear for women, men, and kids, plus bags, small leather goods, footwear, fragrances, eyewear, and more. The Maison's creative vision is led by Design Director Hun Kim, with additional members of the KARL family including Style Advisor Carine Roitfeld, brand ambassador Sebastien Jondeau, and collaborator Amber Valletta, amongst others. KARL LAGERFELD connects with consumers worldwide, with key retail locations in Paris, London, Munich, Berlin, Dubai, and Shanghai, as well as a premium wholesale network and robust digital presence in Europe, the Middle East, and Asia, and the global KARL.COM flagship store.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 150M - 250M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: karl lagerfeld
Acquirer: g-iii apparel group