French luxurious items group LVMH is in discussions to promote vogue label Marc Jacobs in a deal that might fetch round $1 billion, the Wall Avenue Journal reported Friday, citing folks aware of the matter.
In 2024, Bloomberg reported that LVMH was exploring strategic choices for the label with advisers after receiving curiosity from potential consumers, 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 dad or mum WHP International, the newspaper stated on Friday.
Reuters was unable to right away confirm the report. LVMH, Marc Jacobs and the potential consumers didn’t instantly reply to Reuters’ requests for feedback.
The Journal stated {that a} deal may very well be finalized quickly, offered talks don’t collapse.
Dealmaking within the luxurious retail sector has drawn consideration in Europe. Earlier this yr, Prada acquired Versace from Capri Holdings, combining two iconic Italian vogue manufacturers in a $1.4 billion deal.
LVMH’s second-quarter gross sales, which embrace merchandise resembling Louis Vuitton purses, Dior clothes 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 influence of US import tariffs.
