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LVMH Evaluating Sale of Brands Including Marc Jacobs, Fenty Beauty: Wire
Amid waning demand for luxury goods, LVMH is weighing a sale of several of its fashion, beauty and wine brands, marking one of the group's most significant retrenchments in nea...
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Amid waning demand for luxury goods, LVMH is weighing a sale of several of its fashion, beauty and wine brands, marking one of the group's most significant retrenchments in nearly 40 years of history, Financial Times reported, citing people with the knowledge of the matter.

The businesses LVMH intends to divest include fashion brand Marc Jacobs, its stake in singer Rihanna's Fenty Beauty brand, and US wine producer Joseph Phelps Vineyards, with potential proceeds possibly reaching billions of euros.

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