U.S designer G-III
Clothing Group Ltd. reached a conclusive arrangement to
purchase Donna Karan International from French high-end group LVMH
for an enterprise value of $650 million, subject to
traditional changes at closing, the companies said on Monday. The deal is expected to close in late 2016 or early
2017, the statement stated.
( Reporting by Dominique Vidalon; Modifying by Geert De Clercq).