WHP Global and G-III Finalize Marc Jacobs Acquisition
4 Articles
4 Articles
WHP Global and G-III Finalize Marc Jacobs Acquisition
WHP Global and G-III Apparel Group have closed their acquisition of the Marc Jacobs brand from LVMH, ending nearly three decades of LVMH ownership. The two companies formed a joint venture, evenly split, to co-own the Marc Jacobs intellectual property, with WHP leading global brand licensing and G-III overseeing wholesale, retail and e-commerce operations. Marc Jacobs will remain founder and creative director, continuing to steer the brand’s col…
With a transition from about 925 million dollars (about 800 million euros) Marc Jacobs officially passes from LVMH to WHP Global and G-III Apparel Group. To achieve their goal, the two companies have created a joint venture. This transition is crucial, since it allows each one to hold 50% of the [...] The article Marc Jacobs officially passes from LVMH to WHP Global and G-III Apparel Group comes from Metropolitan Magazine.
LVMH has sold its Marc Jacobs brand for $925 million. The new owners of the brand are US companies WHP Global and G-III Apparel Group. The deal, announced on Tuesday, ends Marc Jacobs' 30-year tenure as part of the French conglomerate. The possibility of the company going public was previously discussed. At the end of last year, LVMH sold Marc Jacobs to Authentic Brands Group […]
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