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Marc Jacobs steps down as Louis Vuitton's creative director Continue reading the main story Related Stories LVMH buys Loro Piana cashmere brand Designer Marc Jacobs is leaving the luxury goods firm Louis Vuitton, to focus on his own brand.
watches The announcement came in an interview given to Women's Wear Daily , by LVMH boss Bernard Arnault.
Cheap Rolex Watches The Marc Jacobs label is jointly owned by Mr Jacobs, his business partner and LVMH. The three are preparing to take the brand public with a share offering expected within three years.
Replica Rolex Watches LVMH have yet to name a replacement for the high profile Louis Vuitton job.Global brand
Cheap Rolex Watches The world's biggest luxury goods empire also owns Givenchy, Pucci, Moët & Chandon, Christian Dior perfumes and cosmetics, and Bulgari watches and jewellery.
Replica Rolex Watches The American designer spent 16 years at the company, where he helped it grow into a global brand which generates more than 7 billion euros of revenue a year, half of LVMH's operating profits.Marc Jacobs has been at Louis Vuitton for 16 years
Cheap watches Mr Jacobs presented his last collection for Louis Vuitton earlier on Wednesday.
It was an all-black show with references to his past work such as the train station he reconstituted and the white carousel carrying models, including Kate Moss, two years ago.
Nicolas Ghesquiere, who left Balenciaga last year having revamped the Kering fashion brand, is seen as a top contender to replace Mr Jacobs.
David Da Maia, analyst at brokerage Aurel BGC in Paris, said: "It would be a positive sign if Ghesquiere joined Louis Vuitton as he is one of the most coveted designers today and he would give a creative jolt to the brand."
Mr Jacobs' own fashion brand is also controlled by LVMH.
It is one of the fastest growing labels within the French group's fashion and leather goods division.Buy Rolex Replica Watches
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