WHP Global and G-III to acquire Marc Jacobs from LVMH in major luxury sector realignment
LVMH has reached a definitive agreement to divest the Marc Jacobs brand to brand management firm WHP Global and G-III Apparel Group. The transaction ends a nearly 30-year partnership and positions Marc Jacobs as a central asset in WHP Global’s expanding premium fashion portfolio, which is projected to exceed 9.5 billion USD in retail sales.