Luxury conglomerate LVMH is reportedly considering selling a popular fashion label they hold amid a portfolio reshuffling. Facing a recent profit dip of 22% and a 4% sales decline, LVMH is exploring options for the brand, potentially valued at $1 billion. Authentic Brands Group, WHP Global, and Bluestar Alliance are among interested buyers.LV is planning to sell this popular designer label
Luxury conglomerate LVMH is reportedly considering selling a popular fashion label they hold amid a portfolio reshuffling. Facing a recent profit dip of 22% and a 4% sales decline, LVMH is exploring options for the brand, potentially valued at $1 billion. Authentic Brands Group, WHP Global, and Bluestar Alliance are among interested buyers.