reports that G-III Apparel Group, Ltd. will buy Sonia Rykiel from Eric Dayan and Michael Dayan, who have owned the French label since 2020, in a deal expected to close in October.
Morris Goldfarb, the company's chairman and chief executive officer, told Lisa Lockwood that this acquisition "further enables us to expand into the luxury space": "We believe there is significant opportunity to unlock the untapped potential of this brand as we look to accelerate our global reach.
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