WHP Global and G-III Apparel Group Announce $925M Deal to Acquire Marc Jacobs from LVMH
WHP Global (WHP) and G-III Apparel Group have agreed to acquire the Marc Jacobs brand from LVMH for approximately $925 million. The deal involves a joint venture where both companies will invest up to $425 million each, with G-III acquiring the operating business while WHP holds intellectual property rights.
Tickers: $GIII
Topics: Acquisition Fashion Joint Venture