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Investing.com -- LVMH (EPA:LVMH) Moët Hennessy Louis Vuitton is in discussions to sell its fashion brand Marc Jacobs in a deal that could be worth approximately $1 billion, according to a report from the Wall Street Journal, citing people familiar with the matter.
The luxury conglomerate has been engaged in negotiations with several potential buyers, including Authentic, the owner of Reebok. Other interested parties in the discussions include Bluestar Alliance, which owns Brookstone, and WHP Global, the parent company of Vera Wang.
Sources indicate that an agreement could be finalized soon, provided the ongoing negotiations proceed successfully.
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