G-III Apparel Group $650 million acquisition of Donna Karan International

Overview:

• G-III Apparel Group has acquired clothing line Donna Karan International in a $650 million deal.
• Donna Karan was sold by French luxury goods conglomerate LVMH.
• The deal will be funded with new debt and $75 million of G-III stock issued to LVMH.
• Norton Rose Fulbright (Neil Gold, Manny Rivera, Sal Favuzza) and Simpson Thacher & Bartlett advised G-III.
• Barack Ferrazzano Kirschbaum & Nagelberg (Peter Barack, Andrew Grossmann, Dan Dominquez) advised LVMH.

Kurt Stumpo - Journalist - North America and the Caribbean