LVMH Denies Yesterday's Ghesquière Rumors, Sort Of

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UPDATE: WWD reports today that LVMH is currently saying that "nothing has been decided" regarding a new hire to replace Marc Jacobs at Louis Vuitton. Nicolas Ghesquière still seems like the most reliable rumor, for the moment. Stay tuned for further updates — the company might not be ready to make an official announcement yet, but it's only a matter of time.

Originally published on October 10: The saga of Nicolas Ghesquière continues, and today the designer has a pretty big, and fairly exciting, announcement. After Marc Jacobs stepped down from his years-long tenure at Louis Vuitton, rumors immediately started about the former Balenciaga creative director taking over Jacobs' place. Ghesquière's next move post-Balenciaga has been a source of much speculation, since the designer has been relatively tight-lipped. The now pretty-surely confirmed move was just briefly denied to NY Mag. Though, the move to Louis Vuitton makes a tremendous amount of sense, allowing Ghesquière to tap into his rock-and-roll nature without leaving the realm of luxury. Also, during his time at Balenciaga, Ghesquière helped jumpstart the house's excellent accessories — a trait that'll serve him well in the legacy that Marc built.

This fit couldn't be better, especially because Ghesquière's presence has sorely been missed in the last few seasons in Paris. The move puts him right back in the spotlight, where a talent of his calibre certainly belongs. We've reached out to LVMH for a comment and are still waiting on a response. (NYMag)