LVMH Sells Marc Jacobs to WHP and G-III for About $925 Million

GIII G-III Apparel Group Ltd

$29.85 +0.24%

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1. 1LVMH has completed the sale of Marc Jacobs to WHP Global and G-III Apparel Group (GIII) for approximately $925 million.
2. 2WHP and G-III will each own 50% of the brand, with WHP leading the joint venture while G-III operates more than 100 stores and handles wholesale, retail, and e-commerce.
3. 3Founder Jacobs remains creative director, and the new owners aim to drive growth through expanded licensing and a stronger wholesale business.

Source WWD +1 · View original ↗

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