LVMH Has High Hopes For Marc Jacobs IPO

rexusa_1829345enPhoto: David Fisher/REX USA.
This year is going to be a big one for Marc Jacobs and his namesake label. Speaking at LVMH’s annual results presentation, Bernard Arnault, the company’s chairman and CEO talked about the effect an IPO for Marc Jacobs International would have on the brand and the business as a whole. And, as WWD reports, the success of the Michael Kors IPO hasn’t slipped under the radar. “If we could do something along those lines, or even half, everyone will be happy,” says Arnault.
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This cool, calm confidence in the future plans for the company are ones that may or may not be shared with the protagonist in this matter. Mr. Marc Jacobs himself. As Jacobs revealed at a talk in London last year, he feels a certain amount of trepidation about what’s to come: “I’m a little scared,” he admitted, “I mean it wouldn’t be me if I sat here and pretended to be super confident about everything. There’s a kind of healthy fear that I have — it’s how I operate. On a good day, I believe it’s going to be amazing, and on a bad day, I think I need that other place to hide.”
We’re certain that Arnault’s hopes for the company will ring true. And, while we’re excited to see what Jacobs' successor at Louis Vuitton, Nicolas Ghesquière, has to offer, we can’t wait to see what MJ has up his sleeve, too. A collection of sweaters for dogs? You really never know. (WWD)
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