LVMH Strategic Shift: Marc Jacobs Brand Moves to WHP and G-III Apparel
A New Chapter for Marc Jacobs Luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced this week its intention to sell the Marc Jacobs fashion brand to a joint venture led by brand management firm WHP Global and G-III Apparel Group. The transaction, which marks a significant shift in LVMH’s portfolio management, is expected to close…