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, according to Dealbreaker. The two companies formed a joint venture that is evenly split to co-own the Marc Jacobs intellectual property, according to Dealbreaker.
Joint venture ownership and roles
WHP Global and G-III Apparel Group formed a joint venture, evenly split, to co-own the Marc Jacobs intellectual property, according to Dealbreaker. WHP will lead global brand licensing for Marc Jacobs under the joint venture structure, according to Dealbreaker. G-III will oversee wholesale, retail, and e-commerce operations for the brand, according to Dealbreaker.
Continuity of creative leadership
Marc Jacobs will remain founder and creative director following the closing of the acquisition, according to Dealbreaker. Marc Jacobs will continue to steer the brand’s collections and creative direction, according to Dealbreaker.
Transaction context and source material
Dealbreaker reported that WHP Global and G-III Apparel Group closed the acquisition of the Marc Jacobs brand from LVMH and that the closing ends nearly three decades of LVMH ownership. Dealbreaker also referenced “G-III Apparel Group Completes Acquisition of Marc Jacobs” as a press release in connection with the transaction.
Widely known context: LVMH is widely known as a global luxury goods group, and Marc Jacobs is widely known as a fashion brand founded by designer Marc Jacobs.
