LVMH Finalizes $925 Million Sale of Marc Jacobs

LVMH Moët Hennessy Louis Vuitton has completed its roughly $925 million sale of Marc Jacobs, transferring ownership of the brand to WHP Global and G-III Apparel Group. The deal, first announced in May, closed this week and marks a significant shift for one of fashion’s most recognizable names.

New Ownership Structure

WHP Global and G-III each hold a 50 percent stake in Marc Jacobs. G-III has also acquired the brand’s operating business, which spans the United States and Europe and includes more than 100 stores. Under the new arrangement, WHP will lead the joint venture that owns the brand, while G-III will manage wholesale, retail, and e-commerce operations. Designer Marc Jacobs, who co-founded the label in 1984 with Robert Duffy, will remain creative director and the public face of the company.

Executives Signal Growth Push

WHP Global chairman and CEO Yehuda Shmidman described Marc Jacobs as a brand with strong cultural relevance and growth potential, thanking LVMH for its stewardship over nearly three decades. G-III chairman and CEO Morris Goldfarb said his company brings the scale needed to expand global brands while preserving what makes Marc Jacobs distinctive. Industry observers expect the new owners to pursue additional wholesale distribution and new licensing deals to grow the business.

LVMH originally acquired Marc Jacobs in 1997, the same year the designer became the first creative director of Louis Vuitton. When the sale was first revealed in May, LVMH chairman Bernard Arnault praised Jacobs’ creativity and lasting impact on fashion, calling the transaction a rare divestment for the luxury conglomerate. With the sale now finalized, attention turns to how the brand’s new owners will position Marc Jacobs for its next chapter.