03:41 AM EDT, 05/05/2026 (MT Newswires) -- LVMH Moët Hennessy - Louis Vuitton (MC.PA) is considering sales of multiple underperforming businesses and stakes worth billions of euros in a cost-management drive, London's Financial Times reported Tuesday.

The prospective sales include fashion label Marc Jacobs, a stake in singer Rihanna's Fenty Beauty and wine producer Joseph Phelps Vineyards, the publication reported, citing people familiar with the matter. These potential sales would follow multiple disposals over the past 18 months, the report noted.

The luxury giant is looking to refocus on major profit drivers amid low demand from so-called aspirational luxury consumers, according to the report.

LVMH did not immediately respond to MT Newswires'request for comment.

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