It's official! After sixteen years, Marc Jacobs is leaving Louis Vuitton to focus on his own brand as talks of an eventual public offering have surfaced.
Applause rang out yesterday at the close of the Louis Vuitton Spring/Summer 2014 presentation during Paris Fashion Week, marking the end of Jacob's tenure as Creative Director for the storied French house and the official beginning of Jacobs' IPO preparation.
Jacobs leaves Vuitton after an amazing run, during which he transformed the leather-goods giant from stodgy luggage house to global fashion presence. He pioneered the concept of the fashion-art runway collaboration, having worked with artists such as Stephen Sprouse and Takashi Murakami and has become known for staging the most exciting and extravagant shows in Paris. LVMH officials believe the Marc Jacobs brand could skyrocket given sufficient investment and support, including the undivided attention of Jacobs and his business partner Robert Duffy.
No successor for Jacobs has been named yet, but there's speculation that Nicolas Ghesquière is a front-runner.