The Strategist

Bloomberg: LVMH is considering sale of Marc Jacobs

05/02/2024 - 10:16

According to Bloomberg, which cites sources, the French conglomerate LVMH is thinking about selling its 80% ownership in the Marc Jacobs brand. Fans of fashion designer Marc Jacobs made an offer to LVMH, the agency reported. The fashion house hasn't decided on anything yet.

LVMH is also thinking of involving private investment firms, Bloomberg notes. The fashion house Marc Jacobs has already begun working with experts on the sale of a portion of the company.

A LVMH spokesperson replied to the agency's inquiry by stating that "the company categorically denies" the notion of selling the brand. The firm representative held off on making any more remarks.

The agency observes that LVMH does not frequently sell any of its brands. The fashion house received $650 million for the sale of DKNY and Donna Karan in 2016. According to Bloomberg, the firm would be able to focus on "higher-end" items and get rid of "a brand in the affordable luxury category" as a result of the sale.