Is Marc Jacobs On His Way Out At LVMH?

Marc Jacobs has worked at Louis Vuitton for 16 years, but all good things must come to an end. The all-star designer's contract at the luxury house is up in 2014, and sources are saying he may not be up for a renewal. In fact, there's even speculation that he may be headed to Coach, Inc. — at the very least, he's on their wish list. For the time being, though, Fashionista states that a "reliable source" said Nicolas Ghesquière is definitely in talks as we speak to replace Jacobs.
It's a bit of a surprise that LVMH would let Jacobs go; his influence, ready-to-wear collections, and multiple partnerships have helped the brand's sales soar, even in tough times, since he joined the team. However, Fashionista points out that Jacobs himself, who recently turned 50, may want a bit of a breather. He's been managing his own line as well as Louis Vuitton for years now, jet-setting back and forth from Paris on the regular, and while we're sure he always travels in first class (if not private jet), that does tire a body out.
With two major new names on the staffing list at Marc Jacobs International, perhaps fashion's favorite kilt-wearer is looking to focus back in on his own eponymous line. That business alone is reported to be worth some $1 billion, and WWD reports that he may be considering going public with the company.
We'll be sad to see Jacobs leave Louis Vuitton — but then again, the prospect of Ghesquière at the helm is a very, very exciting one. (Fashionista)
mj
Image: Via Fashionista.

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