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LVMH rebuffs Marc Jacobs sale

LVMH is not currently considering selling its Marc Jacobs fashion brand, despite interest from potential buyers. While approaches have been made, LVMH is exploring options for Marc Jacobs, which could include bids from consumer companies and private equity firms. However, LVMH has denied considering a sale, preferring to focus on internal growth. Marc Jacobs, founded in 1984, operates in the affordable luxury category, offering products like The Tote Bag and fragrances. Despite recent restructuring, it remains profitable, recording around €600 million ($642 million) in sales in 2023.

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