Acquisition closed
G-III Apparel Group and WHP Global acquire Marc Jacobs (2026)
G-III Apparel Group and WHP Global completed the acquisition of Marc Jacobs on 1 September 2026, buying from LVMH.[1]
LVMH sold Marc Jacobs, which it had controlled since acquiring a majority stake in 1997, to G-III Apparel Group and WHP Global. The purchase split the house in two: the intellectual property went into MJ Topco, LLC, owned 50 per cent by a G-III affiliate and 50 per cent by a WHP Global affiliate, while G-III took the operating business and an exclusive licence from the joint venture to run Marc Jacobs shops and e-commerce, running to December 2041 with ten five-year renewals. No price for the whole transaction appears in the filings.
Completed on 1 September 2026. The fragrance licence Coty holds for Marc Jacobs is not mentioned in the closing documents.
Deal facts
- Announced
- Closed
- Value
- Undisclosed
- Buyer
- G-III Apparel Group, WHP Global
- Seller
- LVMH
- Assets
- Marc Jacobs
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| G-III Apparel Group | MJ Topco | joint_venture | 50% | 2026-09-01 | present |
| MJ Topco | Marc Jacobs | owns | 100% | 2026-09-01 | present |
| WHP Global | MJ Topco | joint_venture | 50% | 2026-09-01 | present |
Who owns Marc Jacobs today?
- Marc Jacobs — owned by MJ Topco since 2026
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] G-III Apparel Group, Ltd. Form 8-K - completion of the Marc Jacobs acquisition and MJ Topco joint venture — SEC EDGAR, SEC Form 8-K, published 2 September 2026; retrieved 16 September 2026.
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