LVMH and WHP Global announce a definitive agreement for WHP Global to acquire the Marc Jacobs brand from LVMH. The transaction ends LVMH’s nearly three-decade ownership of the US fashion label, which LVMH acquired in 1997. Multiple reports say the deal is valued at about $850 million, with one outlet also citing a corresponding payment figure in pounds and noting that a payment amount depends on the final transaction structure.
Retail Gazette reports that WHP Global and G-III Apparel Group will form a 50-50 joint venture to own Marc Jacobs’ intellectual property, with the companies involved in the arrangement alongside WHP Global. Other coverage similarly describes a partnership involving G-III.
The reports also say that, once the transaction is finalized, the namesake designer is set to remain involved as creative director, while control of the brand and its intellectual property transfers to the purchasing group. The outlets do not describe final timing, regulatory approvals, or specific closing conditions in the provided excerpts.
