Latest news with #BluestarAlliance
Canada News.Net
3 days ago
- Business
- Canada News.Net
LVMH eyes Marc Jacobs sale amid portfolio reshuffle efforts
NEW YORK CITY, New York: Marc Jacobs, once a crown jewel in LVMH's fashion portfolio, may soon find a new home. The French luxury conglomerate is in advanced talks to sell the American label, according to sources familiar with the matter. The discussions are ongoing with several potential buyers, including Authentic Brands Group, owner of Reebok, and brand management firm WHP Global. Both declined to comment or did not immediately respond. Bluestar Alliance, which owns Brookstone and recently acquired Off-White from LVMH, is also reportedly in the running. A deal could value Marc Jacobs at around US$1 billion, according to the Wall Street Journal, which first reported the development. LVMH, Marc Jacobs, and Bluestar Alliance have not responded to requests for comment. In 2024, Bloomberg reported that LVMH was evaluating strategic options for the brand, though LVMH denied the claim at the time. Founded in 1984 by designer Marc Jacobs, the brand is known for its eclectic, irreverent aesthetic that blends luxury with streetwear. LVMH acquired a stake in the label after naming Jacobs the creative director of Louis Vuitton in 1997, a post he held until 2013. The potential sale reflects a broader portfolio reshaping by LVMH. Last year, it sold streetwear label Off-White to Bluestar Alliance, and earlier this year, designer Stella McCartney repurchased LVMH's minority stake in her eponymous label. While McCartney will continue advising LVMH on sustainability, the move marked another step away from the group's diversification strategy in fashion. A sale of Marc Jacobs would mark a significant shift for LVMH, which is navigating a softer luxury market and intensifying global competition. The company's second-quarter earnings came in slightly below expectations, though executives noted signs of recovery in the Chinese market, a critical growth engine. Analysts say LVMH appears focused on its core powerhouses, Louis Vuitton, Dior, and Tiffany & Co., and may be trimming niche or underperforming assets to tighten focus and unlock capital. If finalized, the Marc Jacobs sale would follow a string of high-profile deals reshaping the luxury sector, including Prada's $1.4 billion acquisition of Versace from Capri Holdings earlier this year.
Time of India
4 days ago
- Business
- Time of India
LVMH said to be in talks to offload fashion label Marc Jacobs
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs , people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding talks with potential buyers including Reebok-owner Authentic Brands Group and WHP Global , the sources said, who asked not to be named because the discussions are confidential. Authentic Brands declined to comment on the matter while WHP did not immediately respond. Brookstone's owner Bluestar Alliance is also a suitor for Marc Jacobs, which could be worth around $1 billion, according to the Wall Street Journal, which earlier reported the news. LVMH, Marc Jacobs and Bluestar Alliance did not immediately respond to requests for comments on the WSJ report. In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, though the company denied the claim at the time. Founded in 1984 by American designer Marc Jacobs, the luxury fashion brand is renowned for its eclectic, bold designs that blend high fashion with street style. In 1997, LVMH tapped Jacobs to lead the Louis Vuitton brand and acquired a stake in the designer's eponymous label. The Journal said that a deal could be finalized soon, provided talks do not fall apart. LVMH has recently been offloading some of its brands to streamline its portfolio. Last year, it sold the Off-White clothing brand, founded in 2012 by the late Virgil Abloh, to New York-based company Bluestar Alliance for an undisclosed value. Another label, Stella McCartney, earlier this year, repurchased the minority stake held by LVMH in the house she founded about five years after the luxury group bought it. McCartney, who famously does not use leather or fur, said it will continue to advise LVMH chief Arnault and the group's executive team on sustainability matters. Dealmaking in the luxury retail sector has drawn attention in Europe. Earlier this year, Prada acquired Versace from Capri Holdings, combining two iconic Italian fashion brands in a $1.4 billion deal. LVMH's second-quarter sales, which include products such as Louis Vuitton handbags, Dior dresses and Moet & Chandon champagne, came in slightly below market expectations. The company's shares rose with analysts pointing to hopes on the horizon as the group said it saw some signs of recovery in the key Chinese market. Deutsche Bank analyst Adam Cochrane said that while the second-quarter results were not "stellar," there were some "glimmers of hope." French luxury brands have been navigating prolonged market challenges, including a downturn and the potential impact of U.S. import tariffs.
Business Times
6 days ago
- Business
- Business Times
LVMH in talks to offload fashion label Marc Jacobs: sources
[NEW YORK] French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, sources familiar with the matter told Reuters on Friday (Jul 25). The Bernard Arnault-led company has been holding talks with potential buyers, including Reebok-owner Authentic Brands Group and WHP Global, the sources said, who asked not to be named because the discussions are confidential. Authentic Brands declined to comment on the matte,r while WHP did not immediately respond. Brookstone's owner Bluestar Alliance is also a suitor for Marc Jacobs, which could be worth around US$1 billion, according to The Wall Street Journal (WSJ), which earlier reported the news. LVMH, Marc Jacobs and Bluestar Alliance did not immediately respond to requests for comments on the WSJ report. In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, though the company denied the claim at the time. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up Founded in 1984 by American designer Marc Jacobs, the luxury fashion brand is renowned for its eclectic, bold designs that blend high fashion with street style. In 1997, LVMH tapped Jacobs to lead the Louis Vuitton brand and acquired a stake in the designer's eponymous label. The Wall Street Journal said that a deal could be finalised soon, provided talks do not fall apart. LVMH has recently been offloading some of its brands to streamline its portfolio. Last year, it sold the Off-White clothing brand, founded in 2012 by the late Virgil Abloh, to the New York-based company Bluestar Alliance for an undisclosed value. Another label, Stella McCartney, earlier this year, repurchased the minority stake held by LVMH in the house she founded about five years after the luxury group bought it. McCartney, who famously does not use leather or fur, said it will continue to advise LVMH chief Arnault and the group's executive team on sustainability matters. Dealmaking in the luxury retail sector has drawn attention in Europe. Earlier this year, Prada acquired Versace from Capri Holdings, combining two iconic Italian fashion brands in a US$1.4 billion deal. LVMH's second-quarter sales, which include products such as Louis Vuitton handbags, Dior dresses and Moet & Chandon champagne, came in slightly below market expectations. The company's shares rose, with analysts pointing to hopes on the horizon as the group said it saw some signs of recovery in the key Chinese market. Deutsche Bank analyst Adam Cochrane said that while the second-quarter results were not 'stellar', there were some 'glimmers of hope'. French luxury brands have been navigating prolonged market challenges, including a downturn and the potential impact of US import tariffs. REUTERS
Time of India
6 days ago
- Business
- Time of India
LVMH said to be in talks to offload fashion label Marc Jacobs
French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs , people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding talks with potential buyers including Reebok-owner Authentic Brands Group and WHP Global , the sources said, who asked not to be named because the discussions are confidential. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Public Policy Management Finance healthcare MCA Degree Healthcare Artificial Intelligence CXO Technology Others Data Analytics others Digital Marketing MBA Product Management Leadership Cybersecurity Design Thinking Data Science Project Management Operations Management PGDM Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Authentic Brands declined to comment on the matter while WHP did not immediately respond. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Are you Smarter than Average? Test Now! Try Now Undo Brookstone's owner Bluestar Alliance is also a suitor for Marc Jacobs, which could be worth around $1 billion, according to the Wall Street Journal, which earlier reported the news. LVMH, Marc Jacobs and Bluestar Alliance did not immediately respond to requests for comments on the WSJ report. Live Events In 2024, Bloomberg reported that LVMH was exploring strategic options for the label with advisers after receiving interest from potential buyers, though the company denied the claim at the time. Founded in 1984 by American designer Marc Jacobs, the luxury fashion brand is renowned for its eclectic, bold designs that blend high fashion with street style. In 1997, LVMH tapped Jacobs to lead the Louis Vuitton brand and acquired a stake in the designer's eponymous label. The Journal said that a deal could be finalized soon, provided talks do not fall apart. LVMH has recently been offloading some of its brands to streamline its portfolio. Last year, it sold the Off-White clothing brand, founded in 2012 by the late Virgil Abloh, to New York-based company Bluestar Alliance for an undisclosed value. Another label, Stella McCartney, earlier this year, repurchased the minority stake held by LVMH in the house she founded about five years after the luxury group bought it. McCartney, who famously does not use leather or fur, said it will continue to advise LVMH chief Arnault and the group's executive team on sustainability matters. Dealmaking in the luxury retail sector has drawn attention in Europe. Earlier this year, Prada acquired Versace from Capri Holdings, combining two iconic Italian fashion brands in a $1.4 billion deal. LVMH's second-quarter sales, which include products such as Louis Vuitton handbags, Dior dresses and Moet & Chandon champagne, came in slightly below market expectations. The company's shares rose with analysts pointing to hopes on the horizon as the group said it saw some signs of recovery in the key Chinese market. Deutsche Bank analyst Adam Cochrane said that while the second-quarter results were not "stellar," there were some "glimmers of hope." French luxury brands have been navigating prolonged market challenges, including a downturn and the potential impact of U.S. import tariffs.
Fashion Network
21-07-2025
- Business
- Fashion Network
Palm Angels partners with Area B to expand underwear line in EMEA region
The Palm Angels universe continues to expand. Founded in 2015 by Francesco Ragazzi and now controlled by US-based business Bluestar Alliance, the label has signed a five-year agreement with Area B to develop its new underwear line in the EMEA region. The first collection resulting from the partnership with the Padua-based underwear and beachwear specialist will include men's and women's models and will debut on the market in January 2026. "The license will enable Palm Angels and Area B to reach new markets, engage key players and offer consumers high-quality products at an affordable price," the brand announced in a statement. The deal comes a few months after the announcement of the agreement with Revlon to launch the first Palm Angels-branded fragrance line, expected in 2027. "Area B is excited to begin working with Bluestar Alliance to strengthen Palm Angels' positioning in the underwear industry," said Federico Venturato, owner and CEO of Area B. "Our team of qualified and dynamic professionals has gone through one of the most complex periods in the history of the textile industry over the past five years. I am confident that their expertise will help further develop and expand Palm Angels' distribution and continue to offer consumers the quality and craftsmanship they have come to expect from the brand." Area B has been in the business of manufacturing and distributing beachwear, underwear and sportswear for more than 20 years. Its portfolio includes licenses for brands such as Philipp Plein Mare, Kurt Geiger London, and Trussardi among others. Palm Angels was acquired in early 2025 by global brand management company Bluestar Alliance, owner of streetwear label Off-White, among others. Following the transaction, Palm Angels' Francesco Ragazzi exited the business' corporate structure.
