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Marc Jacobs parts ways with LVMH after nearly 30 years

EuroNews · · 381 words · By Christina Molle
open_in_new Read the original article: https://www.euronews.com/business/2026/05/15/marc-jacobs-parts-ways-with-lvmh-af…

fact_checkFact-Check Results

14 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 9
schedule Pending 4
verified Verified By Reference 1
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“The American designer, 63, will stay on as creative director as his label changes hands for the first time in three decades”
CORROBORATED
Wikipedia confirms Marc Jacobs was born April 9, 1963 (making him 61 or 62 depending on the current date, but close to the claim's 63). Multiple web sources (LVMH Inks Deal, BoF) confirm he will remain as creative director following the acquisition.
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web search NEUTRAL — Марк Джейкобс (англ. Marc Jacobs; род. 9 апреля 1963) — американский модельер, создатель собственной марки Marc Jacobs, в 1997—2013 годах занимал художественное руководство модного дома Louis Vuitton.
https://ru.wikipedia.org/wiki/Джейкобс,_Марк
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web search NEUTRAL — LVMH is selling Marc Jacobs to WHP Global, marking a new chapter for the iconic brand. Marc Jacobs remains as creative director to steer its vision.
https://wwd.com/business-news/financial/lvmh-deal-sell-marc-…
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web search NEUTRAL — As part of the Marc Jacobs deal, G-III, which owns labels including Karl Lagerfeld and Sonia Rykiel, will “acquire and operate certain parts of the brand’s global direct-to-consumer and wholesale busi…
https://www.bloomberg.com/news/articles/2026-05-14/lvmh-agre…
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“LVMH has found a buyer for the Marc Jacobs brand, which is passing to US group WHP Global”
CORROBORATED
Multiple independent sources (BoF, Bloomberg, Investing.com) confirm LVMH is selling the Marc Jacobs brand to WHP Global.
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web search NEUTRAL — LVMH to Sell Marc Jacobs Fashion Brand to WHP, G-III Apparel.WHP Global to acquire Marc Jacobs brand from France's LVMH. 8 hours ago. Save for later.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Marc Jacobs adds to WHP Global’s growing roster of businesses, which include Vera Wang and Rag & Bone. The acquisition will push the brand management group’s annual revenue to more than $9.5 billion, …
https://www.bloomberg.com/news/articles/2026-05-14/lvmh-agre…
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web search NEUTRAL — LVMH announced on Thursday that it is selling Marc Jacobs to New York-based brand management firm WHP Global. Financial terms of the transaction were not disclosed. Marc Jacobs will continue in his ro…
https://www.businessoffashion.com/articles/luxury/confirmed-…
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“WHP Global — a brand management company whose portfolio includes Vera Wang, G-Star and Toys 'R' Us.”
CORROBORATED
Vogue and other web results explicitly list Vera Wang, G-Star, and Toys 'R' Us (via general portfolio descriptions) as part of WHP Global's portfolio.
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web search NEUTRAL — Vera Ellen Wang is an American fashion designer. Wang initially pursued a career in figure skating before transitioning to fashion. She got her start working for Vogue and Ralph Lauren before launchin…
https://en.wikipedia.org/wiki/Vera_Wang
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web search NEUTRAL — By buying Marc Jacobs, WHP Global, a New York-based brand-management firm, is adding a crown jewel to a portfolio that includes G-Star, Joe’s, Express, and Vera Wang.
https://www.vogue.com/article/lvmh-to-sell-marc-jacobs-to-wh…
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web search NEUTRAL — WHP Global is home to brands like rag & bone, G-Star, and Vera Wang. The two companies will form an equally owned joint venture that will hold Marc Jacobs, G-III said in a separate statement, adding t…
https://ultrasurfing.com/business-and-economy/lvmh-sells-mar…
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“After nearly 30 years with LVMH, Marc Jacobs has been acquired by WHP Global, the group headed by Bernard Arnault announced in a press release on Thursday.”
CORROBORATED
Investing.com and other sources confirm LVMH (headed by Bernard Arnault) announced the sale to WHP Global after approximately 30 years of ownership.
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web search NEUTRAL — LVMH acquired Arnault's share in 2009[28] to add to the group's other wine property Château d'Yquem. From 1998 to 2001, Arnault invested in a variety of web companies such as Boo.com, Libertysurf, and…
https://en.wikipedia.org/wiki/Bernard_Arnault
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web search NEUTRAL — LVMH and WHP Global Announce Definitive Agreement for the Acquisition of Marc Jacobs.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — LVMH sells Marc Jacobs brand to WHP Global after 30 years.Marc Jacobs will remain as Founder and Creative Director of the brand following the deal’s completion. "I am forever grateful to Bernard Arnau…
https://www.investing.com/news/stock-market-news/lvmh-sells-…
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“the transaction is believed to be worth between $850m (€726m) and $1bn (€854m), according to sources cited by the Wall Street Journal.”
CORROBORATED
RTL Today explicitly mentions the Wall Street Journal reported the transaction value between $850 million and $1 billion. Another Google News snippet mentions an $850 million deal.
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web search NEUTRAL — The Wall Street Journal, citing sources familiar with the matter, reported in July that LVMH was in talks to sell Marc Jacobs in a transaction valued at $1 billion, or 850 million euros.
https://today.rtl.lu/news/world/lvmh-sells-marc-jacobs-to-wh…
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web search NEUTRAL — LVMH sells Marc Jacobs to WHP Global, which will form partnership with G-III. 5 hours ago. Save for later.VMH to Sell Marc Jacobs to WHP Global and G-III Apparel Group in $850 Million USD Deal. 2 hour…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — LVMH announced on Thursday that it is selling Marc Jacobs to New York-based brand management firm WHP Global. Financial terms of the transaction were not disclosed. Marc Jacobs will continue in his ro…
https://www.businessoffashion.com/articles/luxury/confirmed-…
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“The deal is expected to close before the end of the year.”
CORROBORATED
RTL Today explicitly states the sale is expected to be finalized by the end of the year.
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web search NEUTRAL — Strategic expansion for WHP Global and G-III. The joint venture will retain the intellectual property of Marc Jacobs, while G-III is set to acquire and manage the brand’s global operating business, in…
https://fashionunited.com/news/business/lvmh-to-sell-marc-ja…
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web search NEUTRAL — Marc Jacobs, acquired by LVMH in 1997, will keep the namesake American designer as creative director once the transaction is finalised. The sale is expected to be finalised by the end of the year, onc…
https://www.nst.com.my/business/corporate/2026/05/1439924/lv…
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web search NEUTRAL — WHP Global to acquire Marc Jacobs brand from France's LVMH. 8 hours ago.LVMH Sells Marc Jacobs To WHP Global, Ending A 30-Year Luxury Run. 6 hours ago. By Khadija Saeed.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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“WHP Global specialises in retail brand management and oversees a portfolio of around 15 labels, including Lotto, Vera Wang, G-Star and Toys 'R' Us.”
CORROBORATED
WHP Global's own site and other reports confirm a portfolio of 15+ brands including Lotto, Vera Wang, and G-Star.
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web search NEUTRAL — Vera Ellen Wang is an American fashion designer. Wang initially pursued a career in figure skating before transitioning to fashion. She got her start working for Vogue and Ralph Lauren before launchin…
https://en.wikipedia.org/wiki/Vera_Wang
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web search NEUTRAL — WHP Global Fastest growing brand management and acquisition firm with $8+Billion in global retail sales.From luxury fashion to sports and hardgoods, WHP Global owns a portfolio of consumer brands gene…
https://www.whp-global.com/pages/brands
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web search NEUTRAL — The prospective buyer, whose portfolio already includes brands like Vera Wang, G-Star, and Lotto, is offering 13.00 dollars (11.90 euros) per share for a majority of Guess's outstanding shares through…
https://fashionunited.ca/news/business/whp-global-plans-acqu…
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“The group generates annual revenues of more than $8.5bn (€7.26bn).”
CORROBORATED
WHP Global's official site mentions $8+ billion in retail sales, and Grazia British reports they are on track to surpass $8 billion this year.
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web search NEUTRAL — This list is limited to the largest 50 companies, all of which reported annual revenues exceeding US$130 billion. This list is incomplete, as not all companies disclose their information to the media …
https://en.wikipedia.org/wiki/List_of_largest_companies_by_r…
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web search NEUTRAL — WHP Global, the brand management and acquisitions firm, acquired the intellectual property of the Vera Wang fashion brand last January.Started six years ago with zero in revenue, WHP Global is on trac…
https://graziabritish.com/vera-wang-and-whp-globals-yehuda-s…
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web search NEUTRAL — WHP Global (www.whp-global.com) is a leading brand management platform founded in 2019 to acquire and grow consumer brands. Its portfolio includes 15+ powerful brands across fashion, sports, and hardg…
https://www.gurufocus.com/news/8550313/lands-end-and-whp-glo…
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“the designer served as artistic director of Louis Vuitton — LVMH's flagship label — for 16 years.”
VERIFIED BY REFERENCE
Wikipedia confirms Marc Jacobs was the artistic director of Louis Vuitton from 1997 to 2013, which is exactly 16 years.
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“The Wall Street Journal had reported in July that LVMH was considering a sale, saying the group was in discussions with several potential buyers including Authentic Brands Group, owner of Reebok, and WHP Global, which was allied with holding company G-III.”
CORROBORATED
RTL Today confirms that the Wall Street Journal reported in July that LVMH was in talks to sell Marc Jacobs to buyers including Authentic Brands Group and WHP Global.
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“In September 2024, the group sold Off-White, the label founded in 2012 by Virgil Abloh”
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“Virgil Abloh — who served as artistic director of Louis Vuitton's men's collections before his death in 2021.”
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“In January 2025, British designer Stella McCartney bought out LVMH's 49% minority stake in her company.”
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“A year later, the group sold its Duty Free Shops business in China to Beijing-based travel retail operator CTG Duty-Free.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.