WHP Global and G-III Apparel Group Acquire Marc Jacobs Brand

NEW YORK, Sept. 01, 2026 /CourierPR/ -- WHP Global and G-III Apparel Group have completed the acquisition of the Marc Jacobs brand from LVMH, marking a significant move in the fashion industry. The deal, which was announced today, brings together two companies with complementary strengths to accelerate the global growth of a brand renowned for its innovative and influential designs.

Under the terms of the agreement, WHP Global and G-III Apparel Group have formed a joint venture (JV) to co-own the Marc Jacobs intellectual property. Each company will hold a 50% equity stake in the JV. WHP Global will lead the global brand licensing efforts, while G-III will own and operate the brand, managing wholesale, retail, and e-commerce activities. G-III will also provide support services to the JV.

Marc Jacobs, the brand's founder and creative director, will continue to play a pivotal role in maintaining the brand's creative vision and overseeing runway collections and fashion shows. "Marc Jacobs is a defining name in fashion, with powerful cultural relevance and global growth potential," said Yehuda Shmidman, Founder, Chairman, and CEO of WHP Global. "We are committed to supporting the brand's continued success and expansion."

Morris Goldfarb, Chairman and CEO of G-III Apparel Group, echoed this sentiment, stating, "This closing marks an exciting new chapter for Marc Jacobs, a brand with a distinctive creative legacy and global reach. G-III brings the scale and expertise to build and grow global brands, and we look forward to working with the Marc Jacobs team and WHP Global to protect what makes the brand special while supporting its continued growth worldwide."

The acquisition was supported by Morgan Stanley & Co. LLC, which served as the financial advisor to WHP Global, and Gibson Dunn, which provided legal advice. G-III Apparel Group was advised by UBS and Paul, Weiss, Rifkind, Wharton & Garrison, while LVMH was represented by Barack Ferrazzano.

"We are thrilled to partner with WHP Global to bring our vision for Marc Jacobs to life," said Marc Jacobs. "Together, we aim to expand the brand's global reach and explore new opportunities in different markets and product categories."

The combined expertise of WHP Global and G-III Apparel Group is expected to drive significant growth for the Marc Jacobs brand. Both companies bring robust experience in brand management and operational excellence, setting the stage for a dynamic collaboration.

"This acquisition represents a strategic move that aligns with both companies' growth strategies," added Shmidman. "We are excited about the potential for this partnership to unlock new opportunities and drive innovation in the fashion industry."

The deal also includes a long-term license agreement between G-III Apparel Group and the joint venture, ensuring a seamless transition and continued support for the Marc Jacobs brand.