French luxurious items group LVMH is in discussions to promote style label Marc Jacobs in a deal that would fetch round $1 billion, the Wall Road Journal reported Friday, citing individuals conversant in the matter.
In 2024, Bloomberg reported that LVMH was exploring strategic choices for the label with advisers after receiving curiosity from potential patrons, although the corporate denied the declare on the time.
The Bernard Arnault-led firm has been discussing offers with a number of events, together with Reebok-owner Genuine Manufacturers, Brookstone-owner Bluestar Alliance and Vera Wang mother or father WHP International, the newspaper stated on Friday.
Reuters was unable to instantly confirm the report. LVMH, Marc Jacobs and the potential patrons didn’t instantly reply to Reuters’ requests for feedback.
The Journal stated {that a} deal may very well be finalized quickly, supplied talks don’t collapse.
Dealmaking within the luxurious retail sector has drawn consideration in Europe. Earlier this 12 months, Prada acquired Versace from Capri Holdings, combining two iconic Italian style manufacturers in a $1.4 billion deal.
LVMH’s second-quarter gross sales, which embody merchandise similar to Louis Vuitton purses, Dior attire and Moet & Chandon champagne, got here in barely under market expectations.
French luxurious manufacturers have been navigating extended market challenges, together with a downturn and the potential affect of US import tariffs.
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