Marc Jacobs’ contract with Louis Vuitton Moet Hennessey is over in 2014 and if the designer doesn’t renew, it would bring the successful partnership with Louis Vuitton (that saw collaborations with Stephen Sprouse, Yayoi Kusama, and Takashi Murakami) to an end. It wouldn’t be too much of a shock if Jacobs didn’t renew considering a few relevant facts.
1. He’s been with Louis Vuitton for 16 years, designing for not just LV but also his own brands, Marc Jacobs and Marc by Marc Jacobs.
2. Jacobs and his business partner Robert Duffy just brought on a new creative director and a design director for Marc by Marc Jacobs' ready to wear line, so it’s quite possible he’s looking to expand his brands.
3. If he leaves LVMH, he could take his company public—and move earnings well past the $1 billion mark (what it is believed to be worth right now).
4. Jacobs is on the short list of designers who are being tapped to replace Reed Krakoff at Coach, who recently left to focus on his own eponymous brand. A move from LVMH to Coach would be an interesting one for Jacobs ... especially considering the transition from the Parisian house to an All-American company.
If Jacobs’ departure from LVHM is in fact true, it begs the question: who would replace him at Louis Vuitton? Women’s Wear Daily is hinting that this may be the big project that former Balenciaga creative director Nicolas Ghesquière has in the works. Time will tell.
Stay tuned… we’ll be sure to update you as we hear more.