
LVMH Seeks $1 Billion Sale of Fashion Brand Marc Jacobs
Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion. LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday (July 25), citing unnamed sources. LVMH did not immediately reply to PYMNTS’ request for comment. According to the WSJ report, the company is known…