Famed designer and Creative Director of Louis Vuitton, Marc Jacobs has officially stepped down from his position and left the company to focus on IPO for his own brand. Rumors floating around the fashion industry even suggest that the visionary may also have left LV to pursue an opportunity at Coach.
“Marc Jacobs is leaving Louis Vuitton as plans take shape for an eventual public offering for the Marc Jacobs brand. The applause that rang out this morning from the vast tent in the Cour Carrée of the Louvre signaled the end of Jacobs’ tenure as creative director for the storied French house and the official beginning of Jacobs’ IPO preparation. The offering should occur within the next three years. Jacobs leaves Vuitton after a dazzling 16-year run during which he orchestrated the transformation of the leather goods giant from a stodgy luggage house to a global fashion presence. He pioneered the concept of the fashion-art runway collaboration, first with Stephen Sprouse and later, with several artists including Takashi Murakami and Richard Prince. The bags he designed with Sprouse and Murakami became global phenomena.”
We wish much success for Jacobs and the future of his Marc Jacobs brand!