Jul 25, 06:38 PM

LVMH Explores $1 Billion Sale of Marc Jacobs Brand

LVMH Moët Hennessy Louis Vuitton is in discussions to sell its U.S. fashion label Marc Jacobs, according to a Wall Street Journal report citing people familiar with the matter. The luxury-goods group is said to be seeking about $1 billion for the brand, which it acquired in stages beginning in the late 1990s. Potential suitors include Authentic Brands Group, the owner of Reebok, along with brand management firms Bluestar Alliance and WHP Global, the report said. Talks are at an early stage and may not result in a transaction, but a deal would represent one of LVMH’s largest divestitures in recent years as the Paris-based company focuses investment on higher-growth labels such as Louis Vuitton, Dior and Tiffany.

#Marc Jacobs #Wall Street Journal #Authentic Brands Group #Reebok #Bluestar Alliance #WHP Global #Paris #Louis Vuitton #Dior #Tiffany

Written with ChatGPT .

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The Wall Street Journal@WSJ
1 year ago
Exclusive: LVMH Moët Hennessy Louis Vuitton is in discussions to sell fashion brand Marc Jacobs in a deal that could fetch around $1 billion https://t.co/HdRYNe8BGN
Markets News@MarketsDotNews
1 year ago
LVMH is reportedly in talks to acquire Authentic Brands Group, the parent company of Reebok, according to the Wall Street Journal.
RedboxGlobal@RedboxWire
1 year ago
LVMH Is Talking To Authentic, The Owner Of Reebok, To Possibly Make A Business Deal, According To The Wall Street Journal 👟👜

LVMH Explores $1 Billion Sale of Marc Jacobs Brand

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