LVMH said to be in talks to offload fashion label Marc Jacobs

LVMH is reportedly in discussions to sell its fashion label, Marc Jacobs, with potential buyers including Authentic Brands Group and WHP Global. The luxury conglomerate is streamlining its portfolio, following the sale of Off-White and Stella McCartney's repurchase of LVMH's stake. This potential deal, valued around $1 billion, comes as luxury retail sees increased dealmaking amid market challenges.