French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday.

LVMH is working on a sale of its Marc Jacobs fashion brand as the luxury goods giant contends with a slump in demand, according to people familiar with the matter. The Paris-based conglomerate behind brands including Louis Vuitton,

WWD had heard in January that the brand was quietly being shopped, but high-level sources at LVMH denied at that time that there was a process under way. The process ultimately dr