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Investment in Unconsolidated Affiliates
6 Months Ended
Jul. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Affiliates

Note 3 – Investment in Unconsolidated Affiliates

 

In February 2016, the Company acquired a 19% minority interest in KH1, the parent company of the group that holds the worldwide rights to the Karl Lagerfeld brand. The Company paid 32.5€ million (approximately $35.4 million at the date of the transaction) for this interest. This investment is intended to expand the partnership between the Company and the Karl Lagerfeld brand and extend their business development opportunities on a global scale. The investment in KH1, which is being accounted for under the equity method of accounting, is reflected in Investment in Unconsolidated Affiliates on the Condensed Consolidated Balance Sheets at July 31, 2017.