Who Owns Karl Lagerfeld Paris?

By Robert Palmer

Karl Lagerfeld was a fashion icon, known for his distinctive style and creative genius. From his signature white hair to his love of high collars and fingerless gloves, Lagerfeld made an indelible mark on the world of fashion. But who owns Karl Lagerfeld Paris?

The Early Years

Karl Lagerfeld began his career in fashion in the 1950s, working as an assistant to Pierre Balmain in Paris. He soon became a freelance designer, working for a number of different fashion houses over the years.

In 1983, Lagerfeld was hired by Chanel as their creative director. His work at Chanel helped to revive the brand and bring it back into the spotlight.

The Ownership of Karl Lagerfeld Paris

Karl Lagerfeld Paris is owned by Apax Partners, a private equity firm based in London. The company acquired Karl Lagerfeld Paris in 2019 from its previous owners, G-III Apparel Group.

Apax Partners is known for investing in a variety of industries, including technology, healthcare, and retail. Their acquisition of Karl Lagerfeld Paris is part of a larger strategy to invest in luxury brands and capitalize on the growing demand for high-end fashion.

The Future of Karl Lagerfeld Paris

Under Apax Partners’ ownership, Karl Lagerfeld Paris is expected to continue its growth trajectory and expand its presence globally. The brand has already established itself as a leader in the luxury fashion market, with its iconic designs and classic aesthetic.

In addition to expanding its product offerings and distribution channels, Karl Lagerfeld Paris is also focused on sustainability initiatives. The company has implemented a number of eco-friendly practices throughout its supply chain and production process, including using recycled materials and minimizing waste.

Conclusion

While Karl Lagerfeld may no longer be with us, his legacy lives on through his eponymous brand. Under the ownership of Apax Partners, Karl Lagerfeld Paris is poised for continued success and growth in the luxury fashion market. With its timeless designs and commitment to sustainability, the brand is sure to remain a favorite among fashion enthusiasts for years to come.