As part of the previously announced deal, AWWG becomes the official agent for DKNY, Donna Karan and Karl Lagerfeld across Spain and Portugal.said Monday it has increased investment in All We Wear Group , which owns the brands Pepe Jeans London, Hackett and Facconable. The previously disclosed strategic partnership, revealed in June, was for an ownership stake of 12 percent, which has now increased to about 19 percent.
As reported in June, the stake was expected to grow to 20 percent over the next month or so, and G-III has the opportunity to buy the company outright, significantly bolstering its international presence and adding some 500 stores to its business. Madrid-based AWWG, which is owned by MI Group, L Catterton and founder Carlos Ortega, is a leading platform for international brands and generates over $650 million in revenues across over 3,500 points of sale in over 86 countries., Donna Karan and Karl Lagerfeld across Spain and Portugal, as the company seeks to maximize its European growth opportunity.
When the deal was disclosed last month, Goldfarb told WWD, “This collaboration is serious. It’s not only distributing our brands throughout Iberia , it is also collaborating and bringing Pepe, Hackett and Façonnable to the U.S. and parts of the world where they are not penetrated.”Rihanna’s Edgy Schoolgirl Look Is ‘In Session’ While Modeling New Fenty x Puma Creeper Phatty Sneakers. We use vendors that may also process your information to help provide our services.