LVMH in discussions to sell fashion brand Marc Jacobs, WSJ reports

LVMH (LVMUY) is in discussions to sell fashion brand Marc Jacobs in a deal that could fetch around $1B, according to people familiar with the matter, The Wall Street Journal’s Lauren Thomas, Ben Dummett and Suzanne Kapner report. The luxury giant has been discussing deals with multiple parties including Reebok owner Authentic, the people said. Brookstone owner Bluestar Alliance and Vera Wang parent WHP Global are also among the suitors. A deal could come together soon, assuming talks don’t fall apart, the people said.