Is LVMH About to Sell Marc Jacobs?

SummaryLVMH is reportedly considering selling Marc Jacobs for approximately $1 billion USD to potential buyers like Authentic Brands, WHP Global, or Bluestar Alliance, a move that aligns with LVMH's recent divestment of other contemporary labels amidst a "luxury slowdown" and decreasing sales in its Fashion and Leather Goods division.Rumors have surfaced from the Wall Street Journal that luxury group LVMH is considering selling off Marc Jacobs, which it acquired a stake in following the designer...