LVMH Divestitures: Marc Jacobs to WHP and G-III
On 14 May 2026, LVMH sold Marc Jacobs to an $850M joint venture between WHP Global and G-III Apparel Group, ending a 29-year ownership that began the same year Marc Jacobs was named creative director of Louis Vuitton. The deal closes a chapter of LVMH divestitures that has, since 2020, quietly reshaped the group around three categories — leather goods, jewellery, wines and spirits — while pushing American designer brands, English shirtmakers, and minority creative-founder stakes out of the portfolio. The story is not the Marc Jacobs sale on its own. The story is the pattern: LVMH bought Tiffany, backed Phoebe Philo, and lined itself up for Giorgio Armani while shedding Off-White, Thomas Pink, Stella McCartney, and now Marc Jacobs in roughly eighteen months. ...