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Barclays acted as the exclusive financial advisor to G-III.
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G-III already holds licenses to make Calvin Klein outerwear, as well as women's dresses and suits.
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About G-III Apparel Group, Ltd. G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products.
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G-III funded the cash portion of the deal with its newly expanded $450 million bank facility.
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LVMH agreed to sell Donna Karan International to G-III Apparel Group Ltd for an enterprise value of $650 million.
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It will fund the deal through new debt and $75 million of G-III common stock to be issued to LVMH.
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G-III owns brands such as Vilebrequin and Andrew Marc and makes clothing for Calvin Klein, Tommy Hilfiger and Karl Lagerfeld among others.
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DKNY's parent G-III Apparel switched from performance-based to time-based share awards, assuring pay for executives who remain with the company for three years.
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G-III and Signet said the changes were needed to retain management talent, while Build-A-Bear said the moves aligned the interests of executives with shareholders.
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Apparel designer and manufacturer G-III Apparel Group which was vying for Jones against Sycamore also bowed out of bidding in recent weeks, sources said.
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G-III furloughed and laid off between 60% and 80% of employees, depending on the segment of its wholesale and retail operations.