LVMH Streamlines Portfolio In $850 Million Sale To WHP And G-III Apparel

BreakingBusinessRetailLVMH Streamlines Portfolio In $850 Million Sale To WHP And G-III ApparelByPamela N. Danziger,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market.Follow AuthorMay 15, 2026, 01:43pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineLVMH is divesting Marc Jacobs in an $850 million sale to a newly formed joint venture between WHP Global and G-III Apparel Group, according to numerous sources. FILE - Marc Jacobs, left, and Sofia Coppola pose for a portrait photograph for the film "Marc by Sofia" during the 82nd edition of the Venice Film Festival in Venice, Italy, on Tuesday, Sept. 2, 2025. (Photo by Scott A Garfitt/Invision/AP, File)Associated PressKey FactsMarc Jacobs will join WHP’s $8.5 billion brand portfolio, including owned, licensed and partnership brands —Joseph Abboud, Anne Klein, Bonobos, Express and Toys ‘R’ Us—along with minority stakes and licensing deals with Rag & Bone, Vera Wang, G-Star and Lands’ End.G-III Apparel will handle Marc Jacobs’ product development, sourcing and direct-to-consumer and wholesale distribution, adding it to a portfolio of owned and licensed designer brands, including Karl Lagerfeld, Sonia Rykiel, DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, Halston, BCBG, French Connection and Cole Haan.Each partner will contribute $425 million in the deal expected to close before year end and hold a 50/50 ownership stake in the brand. Marc Jacobs will continue in his role as founder and creative director, ensuring continuity of the brand’s vision, runway collections and fashion shows. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.crea...