Warning: Illegal string offset 'profiles' in /home4/crushadu/public_html/wp-content/plugins/myfdb-profile/lib/functions.php on line 153
Marc Jacobs announced that he is leaving Louis Vuitton ! Say it isn’t so !
For the past 16 years, Marc Jacobs has been synonymous with Louis Vuitton. After much speculation and the rumor mill going haywire, the designer announced his resignation from the French fashion house.
But this doesn’t mean one of the most fearless designers of our time is leaving fashion all together. According to reports, Marc will concentrate on his IPO, where his namesake company is estimated to be worth about $1.35 billion at current exchange. The offering should occur within the next three years. News began to surface around June 10 about LVMH’s interest in taking Marc Jacobs public.
Jacobs’ successor at Vuitton has not been named, though indicators continue to point to Nicolas Ghesquière formerly of Balenciaga asthe front-runner.
Jacobs, who looks amazing at age 50, is one of the biggest names in the fashion industry. Under his 16-year tenure, Louis Vuitton became the most lucrative fashion house in the world, the Associated Press notes, taking the brand from a luggage house to a global fashion power. He is one of the most exciting and respected designers in the business.
We will miss Marc at Louis Vuitton but we are excited to see what’s to come for the designer .