LVMH Sells Marc Jacobs to WHP Global in Reported $1B Deal, G-III to Operate via JV
After 30 years under LVMH, Marc Jacobs moves to WHP Global, which is forming a 50/50 JV with G-III Apparel. G-III contributes ~$500M and takes the operating business under a long-term license. The deal pushes WHP's premium fashion vertical past $9.5B in retail sales, though G-III flags dilution in the first 12 months. Q3 close expected.
LVMH is selling Marc Jacobs to WHP Global, which will form a 50/50 JV with G-III Apparel; G-III contributes ~$500M and takes operating business under long-term license. WHP's premium fashion vertical now exceeds $9.5B in retail sales.