French luxurious items group LVMH is in discussions to promote fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported Friday, citing people acquainted with the matter.
In 2024, Bloomberg reported that LVMH was exploring strategic choices for the label with advisers after receiving curiosity from potential patrons, though the company denied the claim at the time.
The Bernard Arnault-led company has been discussing offers with a number of events, including Reebok-owner Authentic Brands, Brookstone-owner Bluestar Alliance and Vera Wang dad or mum WHP Global, the newspaper said on Friday.
French luxurious giant LVMH is in discussions to promote fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported. Getty Images for Marc Jacobs
Reuters was unable to immediately confirm the report. LVMH, Marc Jacobs and the potential patrons did not immediately reply to Reuters’ requests for feedback.
The Journal said that a deal could be finalized soon, supplied talks don’t collapse.
Dealmaking in the luxurious retail sector has drawn consideration in Europe. Earlier this 12 months, Prada acquired Versace from Capri Holdings, combining two iconic Italian fashion manufacturers in a $1.4 billion deal.
LVMH’s second-quarter gross sales, which embody merchandise such as Louis Vuitton purses, Dior clothes and Moet & Chandon champagne, came in barely below market expectations.
The Bernard Arnault-led LVMH has been discussing offers with a number of events. AP
Dealmaking in the luxurious retail sector has drawn consideration in Europe. Earlier this 12 months, Prada acquired Versace from Capri Holdings, combining two iconic Italian fashion manufacturers in a $1.4 billion deal. Marc Jacobs purses, above. Getty Images for Marc Jacobs
French luxurious manufacturers have been navigating extended market challenges, including a downturn and the potential impression of US import tariffs.