LVMH has reached an agreement to sell Marc Jacobs to a joint venture formed by WHP Global and G-III Apparel Group. While the transaction value was not officially disclosed, regulatory filings indicate that the two buyers have jointly raised 850 million dollars to finance the deal. LVMH currently holds an 80% stake. This divestment brings nearly thirty years of collaboration to a close and reflects Bernard Arnault's strategy to streamline the group's portfolio amid a luxury market weakened by slowing consumption in China, Middle Eastern tensions, and a decline in tourism.
Further divestments on the horizon
Last week, the Financial Times reported that LVMH was preparing an unprecedented refocusing, citing the potential sales of Marc Jacobs, its stake in Fenty Beauty (Rihanna's brand), and the Californian winemaker Joseph Phelps Vineyards.
Marc Jacobs, who founded the label in 1984, will remain creative director following the completion of the deal, which is expected by year-end. His brand first joined the LVMH stable in 1997.
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (46.7%): brands such as Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, etc.;
- watches and jewels (13%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (10.1%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo, Givenchy brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (6.6%): champagnes (Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining net sales (23.6%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2025, products are marketed via a network of 6,283 outlets located throughout the world.
Net sales are distributed geographically as follows: France (8.3%), Europe (18%), Japan (7.9%), Asia (26.5%), the United States (25.6%) and other (13.7%).
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