G-III buys luxury swimwear brand Vilebrequin for about $106 million

G-III Apparel Group Ltd said it acquired luxury swimwear brand Vilebrequin from private equity fund Fashion Fund I B.V. for 85.5 million euros ($106.19 million) and outlined plans to expand the brand internationally. Photo: VilebrequinThe company plans to add more retail locations throughout the world and further develop the brand's men's accessories and resort-wear offerings, G-III said in a statement. Of the purchase price, 70.5 million euros was paid in cash and 15 million euros was paid by

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