LVMH to Sell Marc Jacobs Brand to WHP Global and G-III
LVMH will sell Marc Jacobs to WHP Global and G-III Apparel Group by year-end. G-III is investing 500 million dollars while the founder remains creative director.
LVMH MOET HENNESSY LOUIS VUI agreed to sell the Marc Jacobs brand to a joint venture between WHP Global and G-III APPAREL GROUP LTD. The deal shifts the United States fashion label to a 50/50 ownership structure. The divestment allows the France-based luxury leader to streamline its portfolio while Marc Jacobs gains fresh capital for retail expansion.
### A New Ownership Structure for Marc Jacobs WHP Global and G-III will divide responsibilities to scale the brand globally. WHP Global will manage licensing operations, while G-III acquires the global operating business and manages the intellectual property. G-III confirmed it will fund its $500 million investment through cash on hand and existing revolving credit facilities.
