WHP Global and G-III Finalize Marc Jacobs Acquisition

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WHP Global and G-III Finalize Marc Jacobs Acquisition

dealbreaker

10 hours ago

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WHP Global and G-III Apparel Group have closed their acquisition of the Marc Jacobs brand from LVMH, ending nearly three decades of LVMH ownership. The two companies formed a joint venture, evenly split, to co-own the Marc Jacobs intellectual property, with WHP leading global brand licensing and G-III overseeing wholesale, retail and e-commerce operations. Marc Jacobs will remain founder and creative director, continuing to steer the brand’s collections and creative direction. G-III Apparel Grou...

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