Louis Vuitton owner LVMH in talks to sell Marc Jacobs in deal that could fetch $1B: report

French luxury goods group LVMH is in discussions to sell fashion label Marc Jacobs in a deal that could fetch around $1 billion, the Wall Street Journal reported Friday, citing people familiar with the matter.In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, though the company denied the claim at the time.The Bernard Arnault-led company has been discussing deals with multiple parties, including Reebok-owner Authe ...