LVMH Sells Marc Jacobs to WHP and G-III for About $925 Million
GIII G-III Apparel Group Ltd
$28.47 -11.50%
View chart & analysis → - 1LVMH has completed the sale of Marc Jacobs to WHP Global and G-III Apparel Group (GIII) for approximately $925 million.
- 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.
- 3Founder Jacobs remains creative director, and the new owners aim to drive growth through expanded licensing and a stronger wholesale business.
This 3-line summary is compiled from the report below.
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