Pietro Beccari will replace Sidney Toledano as chair and chief executive of the fashion group, which houses brands including Kenzo, Loewe and Marc Jacobs. ...

Core Insights - The sale talks of Marc Jacobs to Authentic Brands Group have collapsed, leaving the brand still under LVMH's ownership [1][2] Group 1: Current Status of Marc Jacobs - Marc Jacobs remains part of LVMH's portfolio, where it has been since Jacobs became creative director of Louis Vuitton in 1997 [2] - LVMH has been exploring exit strategies for Marc Jacobs, with a reported price tag of $1 billion for potential buyers [3] Group 2: Market Dynamics - Interest in acquiring Marc Jacobs has diminished as large multibrand fashion houses have lost favor in the U.S. market [4] - Authentic Brands Group, led by Jamie Salter, is a significant player in brand management, owning numerous brands and generating over $32 billion in annual retail sales [5] Group 3: Acquisition Challenges - The complexity of the transaction, including Jacobs' stake in the business and LVMH's reluctance to share necessary data, contributed to the failure of the talks [7] - LVMH's firm pricing stance limited negotiation flexibility, complicating the potential sale [8]