Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French education: Reinventing the idea of school

Read more

FRENCH CONNECTIONS

Frogs legs and brains? The French food hard to stomach

Read more

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

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)