G-III Apparel increases investment in All We Wear Group, no terms

G-III Apparel Group announced an increased investment in All We Wear Group, which owns the iconic brands Pepe Jeans London, Hackett, and Faconnable. The previously disclosed strategic partnership for an ownership stake of 12%, now increases to approximately 19%. M Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We are pleased to expand our investment in AWWG and strongly believe this partnership is another growth opportunity for our business. This transaction reinforces our strategic priorities and we look forward to further developing our relationship with AWWG and its talented team, as we accelerate our collective businesses.”