LVMH talks to sell Marc Jacobs brand collapse, WWD reports

Three sources told WWD that talks to sell the Marc Jacobs brand to Jamie Salter’s Authentic Brands Group have fallen apart and the brand remains in the portfolio of LVMH (LVMUY) Moet Hennessy Louis Vuitton for now, reported Evan Clark. However, “it’s not clear just how long that status quo will reign” as “dealmakers rarely say die and talks sometimes start and stop over years,” WWD added in its report.