After 30 years, LVMH is selling Marc Jacobs to a joint venture formed by brand manager WHP Global (Rag&Bone, G-Star, Vera Wang) and G-III Apparel Group (which owns Donna Karan, Karl Lagerfeld, Sonia Rykiel, and Vilebrequin). The two acquiring companies are raising up to $850 million to finance the deal. The transaction, which has been…
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