Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Multilateralist Macron is the anti-Trump at UN General Assembly

Read more

FOCUS

Rio mired in economic crisis a year after hosting Olympics

Read more

ENCORE!

Elizabeth Strout: 'There’s something emotionally truthful about my characters'

Read more

THE INTERVIEW

Polish foreign minister: Macron's comments on Poland 'were not necessary'

Read more

THE OBSERVERS

The controversial colonial statue in Senegal; and the centuries-old town in Turkey being destroyed by the govt

Read more

BUSINESS DAILY

End of an era: Toys 'R' Us files for bankruptcy

Read more

IN THE PAPERS

'We aren't ready' for a second vote in Kenya and flip-flopping on climate change

Read more

IN THE PAPERS

Another Hurricane? It's Maria's turn. And, when's your printer going to stop working?

Read more

EYE ON AFRICA

DR Congo: New report says army worked with militias to massacre hundreds in Beni

Read more

Culture

Designer Marc Jacobs to leave Louis Vuitton

© AFP

Text by News Wires

Latest update : 2013-10-02

French fashion designer Marc Jacobs announced Wednesday he was leaving Louis Vuitton, owned by parent company LVMH, after a 16-year collaboration. The news coincides with Jacobs’ Louis Vuitton show on the last day of Paris fashion week.

Designer Marc Jacobs is to leave Louis Vuitton to concentrate on his own brand and a future stock exchange flotation, a report said on Wednesday.

The US designer and the chairman of Louis Vuitton parent company LVMH, Bernard Arnault, confirmed the end of his 16-year tenure at the French luxury brand to industry journal Women’s Wear Daily.

The news coincided with Jacobs’ Louis Vuitton show on the last day of Paris fashion week.

It follows contract negotiations between Jacobs, 50, whose contract had been due to expire at the end of the year, and Louis Vuitton and LVMH.

It is understood that the initial public offering (IPO), expected within the next three years, will require Jacobs to be fully focused on his own brand in order to ensure the highest possible valuation.

A successor has not been named but Louis Vuitton is understood to have held talks with former Balenciaga designer Nicolas Ghesquiere about succeeding Jacobs as artistic director, sources told WWD earlier.

It credited Jacobs with transforming Louis Vuitton from a “stodgy luggage house to a global fashion presence”.

Frenchman Ghesquiere parted company with Balenciaga in November 2012 following a 15-year tenure.

(AFP)

Date created : 2013-10-02

  • PARIS FASHION WEEK

    Spring trends on show as Paris Fashion Week kicks off

    Read more

COMMENT(S)