Buying Marc Jacobs: The Details of WHP and G-III’s $925M Designer Deal
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LVMH has announced a definitive agreement to sell the Marc Jacobs brand for $850 million to WHP Global. The acquisition was structured as a 50/50 joint venture between the brand management company… LVMH: $850 million agreement to sell Marc Jacobs - ΙΝΑΦΤΕΜΟΡΙΚΙ
LVMH to Sell Marc Jacobs Brand for $850 Million
French luxury giant LVMH has agreed to sell fashion label Marc Jacobs in a deal valued at approximately $850 million, marking the end of nearly three decades of ownership by the luxury group. The buyer will be a joint venture formed by WHP Global and G-III Apparel Group, with each company contributing up to $425 million to finance the acquisition. Under the agreement, WHP Global and G-III Apparel will each hold a 50% stake in the Marc Jacobs bra…
What’s behind LVMH’s decision to sell Marc Jacobs?
After nearly 30 years with the French luxury giant, the Marc Jacobs label will be handed over to US brand management firm WHP Global, with the transaction believed to be worth between US$850 million and US$1 billion, according to sources cited by The Wall Street Journal.
Luxury conglomerate LVMH is ending its partnership with Marc Jacobs after nearly 30 years. The iconic brand will be acquired by the American company WHP Global. The market is interpreting this move as a shift in the group's strategy.
Marc Jacobs, acquired by LVMH in 1997, will remain the American designer who gives him his name as creative director once the transaction is completed, according to the details announced on Thursday. The sale is expected to close at the end of the year, after obtaining the necessary regulatory approvals. After his great popularity to [...] The post LVMH sells the Marc Jacobs fashion brand to WHP Global appeared first on Diario Digital Cronio de …
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