
LVMH To Sell Marc Jacobs Brand

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LVMH Moet Hennessy Louis Vuitton SE has agreed to sell the Marc Jacobs brand to WHP Global, which will boost its global retail sales to over $9.5 billion. The deal is expected to close by year-end, with Marc Jacobs remaining as the brand's creative director. G-III Apparel Group will also join WHP Global in ownership of the brand.
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