G-III Apparel (GIII) Raises Stake in All We Wear Group to 19%
G-III Apparel (GIII) ZACKS·2024-07-30 22:21
G-III Apparel Group, Ltd. (GIII) announced an increased investment in All We Wear Group ("AWWG"), marking a significant move to enhance its international footprint. The company, renowned for its fashion leadership, has raised its ownership stake in AWWG from 12% to approximately 19%.AWWG, headquartered in Madrid and backed by M1 Group, LCatterton and founder Carlos Ortega, boasts a robust portfolio featuring Pepe Jeans London, Hackett and Façonnable. With revenues exceeding $650 million through more than 3, ...