LVMH agreed to sell the Marc Jacobs fashion label to a venture between WHP Global and G-III Apparel Group, marking a rare divestment for the world’s largest luxury group as it adjusts to softer demand.
The Paris Group separates itself from more unprofitable business areas and rejects the brand after more than 30 years. Buyers are two companies from the USA.
After almost three decades in the portfolio of LVMH, Marc Jacobs begins a new stage. The French conglomerate led by Bernard Arnault confirmed the sale of the New York brand to WHP Global , the American group specialized in acquiring and expanding premium fashion brands . The announcement officially marks the closure of one of the most emblematic relations of contemporary luxury. After the separation of LVMH, Marc Jacobs will remain as creative d…