M&A Deal Summary

G-III Acquires The Donna Karan Company

On July 25, 2016, G-III acquired apparel/textiles company The Donna Karan Company from LVMH for 650M USD

Acquisition Highlights
  • This is G-III’s 7th transaction in the Apparel/Textiles sector.
  • This is G-III’s largest (disclosed) transaction.
  • This is G-III’s 8th transaction in the United States.
  • This is G-III’s 5th transaction in New York.

M&A Deal Summary
Date 2016-07-25
Target The Donna Karan Company
Sector Apparel/Textiles
Buyer(s) G-III
Sellers(s) LVMH
Deal Type Divestiture
Deal Value 650M USD

Target

The Donna Karan Company

New York, New York, United States
website
The Donna Karan Company LLC is an online retailer of fashion goods for men and women. DKNY was formed in 1984 and is based in New York, US.

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Buyer(S) 1

Buyer

G-III

New York, New York, United States

website

Category Company
Founded 1956
Sector Apparel/Textiles
Employees2,900
Revenue 2.8B USD (2022)
DESCRIPTION

G-III designs, manufactures, and markets womens and mens apparel. The company's products include outerwear, dresses, sportswear, swimwear, womens suits, and womens performance wear. G-III was founded in 1956 and is based in New York, New York.

DEAL STATS #
Overall 9 of 11
Sector (Apparel/Textiles) 7 of 9
Type (Divestiture) 2 of 2
State (New York) 5 of 5
Country (United States) 8 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 G.H. Bass

West Chester, Ohio, United States

G.H. Bass & Company is the original penny loafer are handmade using traditional craftsmanship.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Sonia Rykiel

Paris, France

Sonia Rykiel is an operator of a European luxury fashion brand that designs dresses, sportswear, swimwear, women's suits, etc. Sonia Rykiel is based in Paris, France.

Buy -

Seller(S) 1

SELLER

LVMH

Paris, France

website

Category Company
Founded 1923
Sector Consumer Products
Employees157,953
Revenue 64.2B EUR (2021)
DESCRIPTION

LVMH is a manufacturer of luxury brands. The group manages products ranging from liquor to leather goods, apparel and cosmetics. LVMH was founded in 1923 and is based in Paris, France.

DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 2 of 3
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-14 Société du Domaine des Lambrays Sàrl

Morey-Saint-Denis, France

Société du Domaine des Lambrays Sàrl is a produces red and white wines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Rimowa

Cologne, Germany

Rimowa is a manufacturer of premium and high technology luggage. Since 1898, RIMOWA has placed quality and innovation at its core, introducing Aluminium into the manufacture of its luggage in 1937 and polycarbonate from 2000. RIMOWA, which has 3,000 employees worldwide, provides integrated design and product development in Germany along with the majority of manufacturing, combining artisanal savoir-faire with precision technology.

Buy -
Mergr

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