---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-006569"
form_type: "8-K"
ticker: "GIII"
cik: "0000821002"
company_name: "G III APPAREL GROUP LTD /DE/"
filed_at: "2022-05-02T23:59:59+00:00"
generated_at: "2026-06-26T02:18:11.744828+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# G-III to buy remaining 81% of Karl Lagerfeld for €200M ($210M) cash, becoming sole owner

## Summary
- Acquires remaining 81% stake for €200M ($210M) in cash; expected close in Q2/Q3 of fiscal 2023.
- Adds ~$200M in annual sales; combined with existing North America business (~$175M) yields ~$375M base.
- Global net revenue potential of ~$1B; retail sales to end consumers forecast >$2B.
- Transaction expected to be modestly accretive in fiscal 2023 and increasingly accretive thereafter.
- Existing Karl Lagerfeld management team, led by Pier Paolo Righi, will continue to lead the brand.

## SEC filing metadata
- accession: 0001558370-22-006569
- form_type: 8-K
- ticker: GIII
- cik: 0000821002
- company_name: G III APPAREL GROUP LTD /DE/
- filed_at: 2022-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/821002/000155837022006569/0001558370-22-006569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/821002/000155837022006569/giii-20220502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-006569
- JSON: https://secwatch.observer/filing/0001558370-22-006569.json
- Plain text: https://secwatch.observer/filing/0001558370-22-006569.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.