LVMH could sell Marc Jacobs
Asked about the Marc Jacobs‘ development during the Q+A portion of Thursday afternoon’s earnings call, LVMH CEO Bernard Arnault confirmed the New York-based label was “in the red,” saying, “We will pull out I’m sure” and that, as a purely fashion business, Marc Jacobs simply isn’t as robust as a “timeless” brand like Louis Vuitton. “When things are in fashion, fine. And when they go out? Not so fine.”
He added. “I’m more concerned with Marc Jacobs than the U.S. President,” he quipped after one analyst asked him about both.