LVMH offloads Marc Jacobs to WHP Global, ending three-decade ownership
LVMH has confirmed the sale of Marc Jacobs to brand manager WHP Global, partnered with G-III Apparel, in a deal valuing the label near $1B. The exit closes nearly 30 years of LVMH stewardship and pushes WHP's portfolio retail sales above $9.5B across the ~280-store brand.
LVMH is selling Marc Jacobs to WHP Global with G-III Apparel, ending nearly 30 years of ownership. The brand, valued near $1B with ~280 stores, joins WHP's portfolio, lifting its global retail sales above $9.5B.
Why this matters
Marks LVMH's exit from a label it has owned since 1997 and signals continued consolidation under brand managers like WHP, which now controls a portfolio exceeding $9.5B in retail sales.
Retail-brand activity steady at 129 signals over the past 90 days.