Marc Jacobs Keeps the Pen, Even With New Owners in the Room

LVMH has closed its sale of Marc Jacobs, handing ownership of the label to WHP and G-III. Marc Jacobs himself stays exactly where he's always been for the clothes: at the creative helm, still the one deciding what a collection looks like. The new owners, for their part, are turning their attention to the business side, with plans to grow wholesale distribution and chase new licensing deals. The name on the label and the hand behind the sketches haven't changed — only who signs the checks has.

With reporting from WWD.