The Marc Jacobs American homecoming is going to have to wait.

Three sources told WWD that talks to sell the business to Jamie Salter’s Authentic Brands Group have fallen apart.

For now, the brand remains in the portfolio of LVMH Moët Hennessy Louis Vuitton, where it’s been since Jacobs became creative director of Louis Vuitton in 1997.

But it’s not clear just how long that status quo will reign. Dealmakers rarely say die and talks sometimes start and stop over years before a transaction actually gets done — or not.

LVMH declined to comment and Authentic could not immediately be reached.

While a dozen years ago LVMH looked to stand up Marc Jacobs on its own with an initial public offering, that is not in the cards now and the luxury giant has been said to be considering some ot

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