Divestiture/carve-outMay 14, 2026Completed
🇺🇸 United States
MJMarc Jacobs (operating business)GIG-III Apparel Group, Ltd.
Consumer & Retail › Consumer Products
Enterprise value$500MEnterprise value
AnnouncedMay 14, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
G-III Apparel Group entered into a definitive agreement with WHP Global to form a 50/50 joint venture owning the Marc Jacobs brand IP, with G-III also agreeing to acquire and manage the global Marc Jacobs operating business. G-III agreed to fund its approximately $500 million investment with cash on hand and revolver borrowings.
Deal rationale
The deal adds an iconic global brand to G-III's portfolio, accelerating its transformation and long-term shareholder value creation.
AI-generated from the SEC filingCompletedConsumer & Retail › Consumer ProductsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $500M | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
MSMorgan StanleyUUBS
Sell-side
None listed
Parties
Target
MJMarc Jacobs (operating business)
- Headquarters
- United States
- Ticker
- —
Seller
LLVMH
- Headquarters
- —
- Ticker
- —