Marc Jacobs Leaving Louis Vuitton
September 30, 2013 Leave a comment
Marc Jacobs is reportedly leaving Louis Vuitton to focus on his name brand label (a move most feel will involve an IPO potentially worth billions).
Speculation is the designer will not renew his 10 year contract and give up the seat he has held the past 16 years. Rumor is LVMH is in talks with former Balenciaga designer Nicholas Ghesquiere to take his place.
LVMH has a majority stake in Marc Jacobs International, so a public offering would benefit both the designer and the luxury brands conglomerate. However, for the listing to prove most lucrative, most feel Jacobs needs to be completely committed to his namesake brand.
The move does not appear to one that will have immediate effect as Jacobs is signed on to do collections for LVMH through mid 2014.