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00:03LVMH agreed to sell fashion brand Marc Jacobs to WHP Global and G3 Apparel Group
00:08in an $850 million deal, according to the Wall Street Journal.
00:12The buyers will each pay $425 million and split ownership evenly.
00:17G3 will manage Marc Jacobs' operating business,
00:20including direct-to-consumer and wholesale operations,
00:23and gained an exclusive license to use the brand and intellectual property.
00:29WHP will oversee licensing.
00:31The deal is expected to close during G3's fiscal third quarter ending in October.
00:36Marc Jacobs plans to remain the creative director after the transaction closes.
00:41The Wall Street Journal reported in July 2025
00:44that LVMH was exploring a sale of Marc Jacobs in a deal valued at about $1 billion.
00:51LVMH previously sold Donna Karan and DKNY to G3 for $650 million in 2016.
00:58For all things money, visit Benzinga.com.
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