Less is more: Marc Jacobs sale shows LVMH cutting complexity as downturn drags on
By Tassilo Hummel and Lisa Jucca PARIS/MILAN, May 15 (Reuters) - LVMH's sale of fashion label Marc Jacobs caps a years-long search for a buyer and underscores the pressure on the world's largest luxury group to trim its sprawling portfolio as a prolonged downturn tests the logic of scale.