(Bloomberg) -- LVMH Moet Hennessy Louis Vuitton SE agreed to sell Donna Karan International Inc. to G-III Apparel Group Ltd. for an enterprise value of $650 million.

G-III will gain the Donna Karan and DKNY brands, the companies said in a statement Monday.

To contact the reporter on this story: Andrew Roberts in Paris at To contact the editors responsible for this story: James Hertling at, Anne Swardson, Matthew Boyle

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