(Reuters) -The LVMH group discusses with several potential buyers of a possible sale of its brand Marc Jacobs, Reuters from sources learned on Friday.
According to the Wall Street Journal, the first to report information, the transaction could amount to around a billion dollars (850 million euros).
The French luxury giant discussed with Authentic Brands Group, owner of Reebok, and Whp Global, owner of the Vera Wang brand, according to these sources.
According to the Wall Street Journal, Bluestar Alliance, which has the Brookstone store channels, is also among the suitors.
Authentic Brands did not wish to comment. Whp did not respond immediately. Neither LVMH, nor Marc Jacobs, nor Bluestar Alliance followed by requests for commentary on the American daily article.
Last year, the Bloomberg agency reported that LVMH examines “strategic options” for Marc Jacobs, a brand founded in 1984 by the American stylist of the same name, after having received brands of interest from possible buyers, but the group denied.
LVMH separated last year from his Off-White clothing brand, founded in 2012 by the deceased Virgil Abloh, which he sold to Bluestar Alliance for an undisclosed amount.
The designer Stella McCartney bought at the start of the year the minority participation that LVMH had for five years held in the house she founded.
The world number one luxury reported on an organic drop in its 4% sales in the second quarter on Thursday, more than expected, its fashion and leather goods division having struggled to overcome the persistent gloom of the market.
(Mrinmay Dey in Bangalore, Abigail Summerville in New York; Jean-Stéphane Brosse for the )
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