Latest news with #WHPGlobal
Time of India
3 days ago
- Business
- Time of India
Louis Vuitton's parent company LVMH is planning to sell this popular designer label
Luxury conglomerate LVMH is reportedly considering selling a popular fashion label they hold amid a portfolio reshuffling. Facing a recent profit dip of 22% and a 4% sales decline, LVMH is exploring options for the brand, potentially valued at $1 billion. Authentic Brands Group, WHP Global, and Bluestar Alliance are among interested buyers. Looks like big changes might be brewing at LVMH. The French luxury giant is reportedly in talks to sell Marc Jacobs, and the deal could be worth a cool $1 billion. Yup, that's billion with a 'B'. According to reports from The Wall Street Journal, LVMH has been chatting with a few major players in the game, including Authentic Brands Group (you know, the folks who own Reebok) and WHP Global, which owns the Vera Wang brand. There's also talk of Bluestar Alliance throwing its hat in the ring. If the name sounds familiar, that's because they also scooped up Off-White from LVMH not too long ago. Clearly, they've got a thing for buzzy fashion labels. So, why is LVMH looking to part ways with Marc Jacobs now? The group recently revealed that its net profit for the first half of 2025 dropped 22%, down to €5.7 billion. Sales also took a bit of a hit, falling 4% to €39.8 billion. With economic conditions being all over the place globally, it seems like LVMH is tightening up and reshuffling its fashion portfolio. Bernard Arnault overtakes Elon Musk to become the world's richest person Marc Jacobs, the brand, has been around since 1984 when the designer launched it. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was Everyone's Dream Girl In 90's, This Is Her Now The Latest Article Undo LVMH stepped in and bought a stake in 1997, and the label has had its share of ups and downs over the years. But recently, it's been buzzing again, thanks to clever social media moments and some solid street-style cred. Word is, LVMH had already started exploring options for the brand last year, after getting some interest from buyers. And they've been making similar moves elsewhere too, designer Stella McCartney recently bought back her stake from LVMH, and as mentioned, Off-White was sold off earlier. So, is Marc Jacobs really on its way out of the LVMH family? We'll have to wait and see, but it definitely looks like something big is brewing.
Yahoo
4 days ago
- Business
- Yahoo
Marc Jacobs on the Block as LVMH Looks for $1B
The Marc Jacobs brand might be coming back to America. Twenty-eight years after Bernard Arnault stepped in to first help support the designer's brand, LVMH Moët Hennessy Louis Vuitton is said to be working with investment bankers at J.P. Morgan to find a buyer willing to pony up $1 billion for the business. More from WWD A Sofia Coppola Documentary on Marc Jacobs to Premiere in Star-studded 2025 Venice Film Festival EXCLUSIVE: Marc Jacobs Introduces The Cristina Bag in 'Who Is She' Campaign Marc Jacobs' New Bag Proves the Y2K-era Satchel Is Officially Back WWD had heard in January that the brand was quietly being shopped, but high-level sources at LVMH denied at that time that there was a process under way. The process ultimately drummed up a good deal of interest from the licensing experts. Multiple sources said Authentic Brands Group, WHP Global and Bluestar Alliance are all said to be interested and involved in the talks. Of the three, Jamie Salter's Authentic is the largest and has a joint venture with Saks Global to develop luxury brands using its licensing chops. But Salter is by no means the only IP specialist angling for luxury brands. WHP bought Vera Wang earlier this year and Bluestar bought the late Virgil Abloh's Off-White from LVMH last year. LVMH, J.P. Morgan, Authentic and WHP all declined to comment. Bluestar could not be reached. The talks for Marc Jacobs were earlier reported by The Wall Street Journal. The potential sale of such a well-known and respected designer brand shines a bright light on big changes in luxury on both sides of the Atlantic. LVMH is the undisputed powerhouse in the sector, but is also in the midst of a kind of evolution. Arnault, who built the company through decades of hard-nosed dealmaking and absolute fidelity to brand, has been positioning his children in key positions throughout the company, with one of them expected to step up eventually. Meanwhile, the luxury market is down, Jonathan Anderson has stepped up as creative head at the company's Dior brand and even the powerhouse Louis Vuitton, which Jacobs once designed, has not been immune to a more sluggish consumer. LVMH's track record for buying and developing U.S. fashion brands is not its strongest suit. Arnault, who is known for buying and holding, also once owned Donna Karan, but sold the business after several difficult years to G-III Apparel Group, which has been building the brand with U.S. retailers. Marc Jacobs itself has gone through its share of ups and downs under LVMH's ownership. With Jacobs at the creative helm and his business partner Robert Duffy overseeing operations, the brand had a strong run in both fashion and accessories, especially with its Marc by Marc line (since discontinued) and there was even talk of floating the company separately on the stock exchange. But Duffy exited a decade ago and the brand has seen a series of different strategies ever since. The most recent under chief executive officer Eric Marechalle has Jacobs, who remains one of the most exciting and creative designers in fashion, focusing on fantastical collections for the fashion connoisseur and a separate team creating the more commercial products that take only some inspiration from what Jacobs shows. The brand has been performing at retail, sources say, and its fragrances remain strong performers. If having Marc Jacobs on the sales block speaks to a new focus at the big European luxury houses, having companies like Authentic, WHP and Bluestar jockeying for position on the other side of the transaction illustrates where the American market is. The onetime consolidators of the industry — including PVH Corp., VF and any number of private equity players — have ceded much of the acquisition market to the licensing houses as they push through their own transformations. (The private equity companies are still involved indirectly, they've just shifted to backing the IP players). But the intellectual property model that takes ownership of a brand and focuses on marketing, while cutting licensing deals for production to partners, is not as well tested in luxury, which delicately balances image and product quality. Marc Jacobs would be a big test of the budding luxury IP model. — With contributions from Jean E. Palmieri Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
The Sun
5 days ago
- Business
- The Sun
LVMH in talks to sell Marc Jacobs for $1 billion, sources reveal
PARIS: French luxury conglomerate LVMH is in discussions with multiple buyers, including Authentic Brands Group and WHP Global, to sell its fashion label Marc Jacobs, according to sources familiar with the matter. The deal could be valued at around $1 billion, as reported by the Wall Street Journal. The Bernard Arnault-led company has been exploring strategic options for Marc Jacobs after receiving interest from potential buyers. Authentic Brands, which owns Reebok, declined to comment, while WHP Global did not immediately respond. Bluestar Alliance, owner of Brookstone, is also reportedly interested in acquiring the brand. Marc Jacobs, founded in 1984 by the American designer of the same name, is known for its bold, high-fashion aesthetic. LVMH acquired a stake in the label in 1997 and later appointed Jacobs as creative director of Louis Vuitton. The Journal noted that a deal could be finalized soon if negotiations proceed smoothly. LVMH has been streamlining its portfolio by divesting non-core brands. Last year, it sold Off-White to Bluestar Alliance, and earlier this year, Stella McCartney repurchased LVMH's minority stake in her eponymous label. The luxury sector has seen significant dealmaking activity, including Prada's acquisition of Versace from Capri Holdings for $1.4 billion. Meanwhile, LVMH's second-quarter sales fell slightly below expectations, though analysts noted signs of recovery in China. Deutsche Bank's Adam Cochrane described the results as mixed but highlighted 'glimmers of hope.' French luxury brands continue to face challenges, including market downturns and potential U.S. import tariffs. - Reuters
Fashion United
03-07-2025
- Business
- Fashion United
Authentic Brands & WHP Global reportedly bid for Lands' End
Brand management firms WHP Global and Authentic Brands Group have reportedly placed separate bids to acquire American apparel retailer Lands' End this week, according to a report from Reuters. The news comes three months after Lands' End Board of Directors indicated that it was exploring "strategic alternatives" for the future of the brand, which included the potential sale of the retailer or a merger, to increase shareholder value. Best known for its classic all-American styles, which emphasize quality and durability over trends, Lands' End previously reported an annual revenue decline of 7.4 percent compared to the previous year in March. However, the retailer managed to return to profitability in the fiscal year for 2024/25, noting "positive momentum" across all sectors. The potential sale comes as Lands' End let go of 10 percent of its corporate workforce in 2024 in an effort to drive greater agility and flexibility across its operations, improving inventory management, increasing full-price sell-through, and minimizing reliance on discounting. Lands' End has enlisted Perella Weinberg Partners to advise on its strategic options. The retailer's stock was trading at approximately 11 dollars per share prior to Reuters' report on Wednesday, reflecting a market valuation of close to 360 million dollars. The heritage apparel brand, founded in 1963 as a mail-order yacht supply company and formerly owned by Sears before its 2014 spin-off, declined to comment on the matter, as did WHP Global and Authentic Brands Group.
Yahoo
03-07-2025
- Business
- Yahoo
Authentic Brands and WHP Global said to bid for Lands' End
-- Brand management companies Authentic Brands Global and WHP Global have placed bids to acquire apparel retailer Lands' End, according to a Reuters report on Wednesday. Lands' End, which specializes in casual sweaters and other clothing items, announced in March it was exploring strategic alternatives, including a potential sale, to maximize shareholder value. The company has engaged investment bank Perella Weinberg Partners to assist with this process. Prior to the Reuters report, Lands' End stock was trading at approximately $11 per share, giving the company a market capitalization of around $360 million. Potential pricing or timeline of the deal were not disclosed. The apparel retailer was previously owned by Sears until it was spun off in 2014. Related articles Authentic Brands and WHP Global said to bid for Lands' End OpenAI denies partnership with Robinhood on stock tokens Changan plans European factory to support sales expansion Sign in to access your portfolio
