After 16 years mostly fabulous years, Marc Jacobs is leaving his position as creative director at Louis Vuitton so that he can work on an IPO for his own brand, WWD reports.
Louis Vuitton has not yet announced a replacement for Jacobs. However, the WWD reports that Nicolas Ghesquière is the front-runner.
Both Jacobs and his long-time business partner, Robert Duffy, will work with Bernard Arnault, chairman and CEO of LVMH, to bring the Jacobs-brand IPO to fruition over the next three years.
....At Vuitton, Jacobs acquired the reputation, along with Karl Lagerfeld at Chanel, John Galliano in his Dior days and the late Alexander McQueen, for staging the most exciting and extravagant shows in Paris.