Marc Jacobs operates across leather goods, small leather goods, ready-to-wear, footwear, eyewear, and fragrances, maintaining a robust international footprint.

Since acquiring a majority stake in 1997, LVMH has provided the strategic backing and resources essential to expanding the brand's global presence and cultural influence.

The brand is set to become a cornerstone of WHP Global's premium fashion portfolio, joining the likes of Vera Wang, rag & bone, and G-STAR, thereby strengthening the firm's position in high-growth global fashion segments.

In conjunction with this transaction, G-III Apparel Group will partner with WHP Global to become a shareholder in Marc Jacobs. G-III will also acquire and operate certain direct-to-consumer and wholesale operations for the brand on a global scale.

The deal remains subject to customary closing conditions and is expected to be finalized by year-end. With the acquisition of the Marc Jacobs brand, WHP Global's annual global retail sales will exceed 9.5 billion euros.

Following the completion of the transaction, Marc Jacobs will remain in his role as founder and creative director, ensuring the continuity of the brand's vision, collections, and runway shows.