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 ...

Famed French fashion brand Louis Vuitton faces a money laundering probe in the Netherlands over cash purchases made by a Chinese national who spent around $3.5 million on handbags and other luxury goods, according to a report.A Chinese national bought around $3.5 million worth of Louis Vuitton handbags and other luxury goods at several outlets in the Netherlands over an 18-month period — prompting Dutch authorities to launch a probe into the French fashion house for failing to curb an alleged money-launderi ...