G-III Apparel Group, Ltd. Announces Agreement to Purchase Luxury Fashion Brand Sonia Rykiel

NEW YORK--(BUSINESS WIRE)--G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced an agreement to purchase European luxury fashion brand Sonia Rykiel. Ms. Rykiel is known as one of the leading figures of Parisian fashion who created an iconic brand that captured the spirit of the modern woman. G-III plans to accelerate the relaunch of the brand primarily in Europe, for the fall of 2022, with collections across multiple categories. The transaction is expected to close by the end of October 2