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NASDAQ:GIII 15 May 2026

LVMH Sells Marc Jacobs To WHP Global, Ending A 30-Year Luxury Run

LVMH Sells Marc Jacobs To WHP Global, Ending A 30-Year Luxury Run

LVMH is offloading Marc Jacobs to WHP Global, wrapping up almost thirty years with the brand and paving the way for joint control alongside G-III Apparel Group. Marc Jacobs stays on as founder and creative director post-deal, according to both companies. Timing’s crucial here. LVMH is cutting back with luxury demand wobbling and its Fashion & Leather Goods segment posting a 2% organic drop in Q1. Yet, group revenue still came in at €19.1 billion, eking out 1% organic growth.
15 May 2026
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Stock Market Today

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