Marc Jacobs to be acquired by Toys R Us parent company

LVMH is selling the fashion label after nearly three decades to brand management firm WHP Global.

Deal to sell 120 J.C. Penney stores for $950M falls through

When it was announced in July, the deal to private equity firm Onyx Partners faced questions from investors over the selling price.

The investment management firm laid out scenerios where the toy company could be acquired by private equity, Hasbro or a media business.

The apparel brand, which has explored strategic options since March, will continue to be in charge of its operations.

Adrian Mitchell, who has more than two decades of leadership experience, most recently served as Macy’s chief financial and operating officer.

The e-commerce giant’s CEO noted the dominance of brick-and-mortar retail despite decades of disruption, but sees that as a massive opportunity.