LVMH has discovered a purchaser for the Marc Jacobs model, which will probably be taken over by US group WHP International. WHP International is a model administration firm whose portfolio consists of Vera Wang, G-Star, and Toys R Us.
Marc Jacobs, who labored at LVMH for almost 30 years, has been acquired by Bernard Arnault’s group WHP International, it was introduced in a press launch on Thursday.
Monetary phrases weren’t disclosed, however sources cited by the Wall Avenue Journal mentioned the deal is believed to be value between $850 million (726 million euros) and $1 billion (854 million euros). The deal is predicted to be accomplished by the tip of the 12 months.
WHP International focuses on retail model administration and oversees a portfolio of roughly 15 manufacturers together with Lotto, Vera Wang, G-Star and Toys ‘R’ Us. The group generates annual revenues of greater than $8.5 billion (€7.26 billion).
Marc Jacobs stays inventive director
Mr. Jacobs, 63, will proceed to work on the label.
“I stay absolutely dedicated to my position as Artistic Director of Marc Jacobs Worldwide and sit up for this thrilling new chapter,” he mentioned in an Instagram submit.
Earlier than specializing in his personal model, the designer spent 16 years as creative director of Louis Vuitton, LVMH’s flagship model.
Arnault paid tribute to Jacobs’ “uncommon creativity and distinctive imaginative and prescient,” including that his “affect on the world of vogue is simple.”
LVMH reduces portfolio
The Wall Avenue Journal reported in July that LVMH was contemplating a sale, saying the group was in talks with a number of potential patrons, together with Reebok proprietor Genuine Manufacturers Group and WHP International, which is affiliated with holding firm G-III.
This sale is a part of a broader sample of portfolio rationalization at LVMH. In September 2024, the group offered Off-White, the label based by Virgil Abloh in 2012. The label was the creative director of Louis Vuitton’s males’s assortment till his loss of life in 2021.
In January 2025, British designer Stella McCartney acquired a 49% minority stake in LVMH. A 12 months later, the group offered its Chinese language duty-free enterprise to Beijing-based journey retailer CTG Obligation-Free.
