Marc Jacobs Acquired by WHP Global | Consumer M&A Deal

WHP Global has acquired Marc Jacobs, a consumer brands dtc business in New York, for $1 billion. Marc Jacobs is a fashion and lifestyle brand with direct-to-consumer retail and e-commerce capabilities that strengthen WHP Global acquisitions in luxury apparel. The platform acquisition expands WHP Global’s consumer M&A footprint by adding a globally recognized name to its portfolio and supporting brand-led growth in the U.S. market. The strategic acquisition is announced as a platform acquisition deal with a strategic buyer, with deal economics reported around $850 million and an expected close following customary approvals.