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LVMH has agreed to sell its stake in the fashion label Marc Jacobs for around $850 million, reflecting the company's shift towards focusing on high-end brands amidst a prolonged luxury market downturn and growing investor scrutiny over its extensive portfolio. #LuxuryMarket #FashionIndustry #MergersAndAcquisitions #FR #IT #CN #IR
Less is more: Marc Jacobs sale shows LVMH cutting complexity as downturn drags on