WHP Global Takes Over Iconic Marc Jacobs Brand

WHP Global is set to acquire the Marc Jacobs brand from LVMH, with G-III Apparel Group joining in ownership. The deal will see G-III managing parts of the global business. Marc Jacobs, the designer, will continue his role post-acquisition.

In a significant move in the luxury fashion industry, WHP Global has announced its acquisition of the renowned Marc Jacobs brand from LVMH, as revealed on Thursday. The financial specifics remain undisclosed.

The collaboration will include G-III Apparel Group, which will take part in the ownership. G-III will also handle parts of Marc Jacob's global direct-to-consumer and wholesale operations.

Marc Jacobs, the creative force behind the brand, will retain his leadership role as founder and creative director following the transaction.