Luxury conglomerate LVMH is reportedly exploring the sale of the iconic fashion label Marc Jacobs as part of a portfolio reshuffle. With a recent 22% profit dip and 4% decline in sales, LVMH, valued at $1 billion, is in talks with potential buyers like Authentic Brands Group, WHP Global, and Bluestar Alliance. The move signifies significant shifts within LVMH’s high-end brand management strategy.