G-III Apparel Acquires 12% Stake in AWWG to Boost European and Indian Market Presence
Portfolio Pulse from Benzinga Newsdesk
G-III Apparel Group (NASDAQ:GIII) has acquired a 12% stake in All We Wear Group (AWWG) to enhance its market presence in Europe and India. AWWG will act as the agent for G-III's brands in Spain and Portugal, while G-III will leverage AWWG's presence in India.
June 06, 2024 | 11:08 am
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G-III Apparel Group has acquired a 12% stake in AWWG to enhance its market presence in Europe and India. This strategic partnership will allow G-III to leverage AWWG's expertise in Spain, Portugal, and India, potentially boosting its revenue and market share.
The acquisition of a 12% stake in AWWG will enable G-III to expand its brands in key European markets and India, potentially increasing its revenue and market share. The strategic partnership is likely to have a positive short-term impact on G-III's stock price.
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