LVMH plans to sell Marc Jacobs in $1 billion deal: Report
French luxury brand Moët Hennessy Louis Vuitton (LVMH) is currently in talks to offload its fashion label Marc Jacobs, reported Reuters. The companies interested in the potential $1 billion deal are Reebok-owner Authentic Brands Group and WHP Global. Further, a Wall Street Journal report claims that Bluestar Alliance is also a potential suitor for the label.