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Stock impact report

LVMH Is Considering Options for Marc Jacobs Amid Buyer Interest, Sources Say [BNN Bloomberg (Canada)]

CHRISTIAN DIOR SE UNS/ADR (CHDRY) 
Company Research Source: BNN Bloomberg
The fashion giant has been working with advisers to study possibilities for Marc Jacobs after getting approaches from suitors, the people said. The brand could attract bids from other consumer companies as well as private equity firms, the people said, asking not to be identified because the information was private. The review is in the early stages and LVMH hasn't made a final decision on how to respond to the interest. The luxury conglomerate could continue growing the business itself, according to the people. A representative for LVMH said the company strongly denies it's considering a sale of Marc Jacobs, declining to comment further. It's relatively rare for LVMH to divest any of the brands in its portfolio. One of the last major disposals was in 2016, when it agreed to sell Donna Karan and DKNY for an enterprise value of $650 million. Any deal would help LVMH to capitalize on a years-long turnaround of Marc Jacobs and allow it to offload a brand in the affordable luxury c Show less Read more
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