News / Arts & Entertainment

Designer Marc Jacobs Leaves Louis Vuitton

U.S. designer Marc Jacobs appears at the end of his Spring/Summer 2014 women's ready-to-wear fashion show for French fashion house Louis Vuitton during Paris fashion week, Oct. 2, 2013.
U.S. designer Marc Jacobs appears at the end of his Spring/Summer 2014 women's ready-to-wear fashion show for French fashion house Louis Vuitton during Paris fashion week, Oct. 2, 2013.
Reuters
Marc Jacobs, the star designer who turned Louis Vuitton from a staid luggage-maker into a global fashion brand, is leaving to focus on his own eponymous label, a source close to the French company's parent LVMH said on Wednesday.
 
The move follows a series of leadership changes at Louis Vuitton, LVMH's cash cow and biggest profit- and revenue- contributor, aimed at helping the brand regain some of its lost prestige after a sustained decline in sales over the past year.
 
“Marc Jacobs is leaving Vuitton and will focus on his own brand,” the source said on condition of anonymity.
 
LVMH and Marc Jacobs declined to comment.
 
Jacobs' departure comes a month after LVMH founder and chief executive Bernard Arnault appointed his daughter Delphine as deputy head of Louis Vuitton and replaced last year longstanding chief Yves Carcelle with group veteran Michael Burke.
 
Louis Vuitton, which built its name and profitability on its LV-embossed canvas bags, has been suffering from cooling demand in Asia and consumers' growing preference for no-logo products.
 
Over the past year, the brand has put brakes on its expansion, contributing to its sales growth halving to around 5 percent and last month, it hired accessories designer Darren Spaziani, ex-Proenza Schouler, to beef up its high-end offering of leather bags.
 
Nicolas Ghesquiere, a darling of fashion editors, who left Balenciaga last year after having successfully revamped the Kering fashion brand, is seen as a frontrunner to replace Jacobs.
 
“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,” said David Da Maia, analyst at brokerage Aurel BGC in Paris.
 
Arnault has been regularly changing the creative and management teams of his fashion brands to refresh the style and drive expansion.
 
LVMH's Celine has been going from strength to strength since award-winning designer Phoebe Philo took its creative helm in 2008 while Riccardo Tisci has brought new vitality to Givenchy since his appointment in 2005.
 
Jacobs, whose theatrical fashion shows contributed to heightening the brand's profile, introduced collaborations with artists such as Richard Prince, Takashi Murakami and Stephen Sprouse and recently rapper Kanye West to help make the brand more relevant to fashion followers.
 
Swan song
 
Marc Jacobs on Wednesday presented his last collection for Louis Vuitton, an all-black swan song that incorporated elements from his past shows such as the train station he famously reconstituted and the slow-turning white carousel carrying models, including Kate Moss, two years ago.
 
Today, the Marc Jacobs brand and particularly its more accessible line Marc by Marc Jacobs, are among the most profitable fashion subsidiaries within LVMH, enjoying strong demand in the United States and Japan.
 
Marc Jacobs also launched a cosmetics products line in August in the United States, with exclusive distribution handled by Sephora, LVMH's beauty products retail chain.
 
Media reports said the designer aimed to float his business - which is estimated to generate sales of around 500 million euros - on the New York Stock Exchange within a few years.
 
Some industry observers suggest Marc Jacobs has been emboldened by the success of Michael Kors, the U.S. brand whose shares and sales have been enjoying stellar growth since the initial public offering late last year.
 
At the age of 24, Jacobs was the youngest designer to receive the New Fashion Talent award from the Council of Fashion Designers of America. After graduating from the Parsons New School of Design, Jacobs worked for Perry Ellis after the designer passed away and shortly thereafter created his own label in 1984 with partner Robert Duffy.
 
He became Louis Vuitton's artistic director in 1997.
 
When Dior sacked John Galliano two years ago after a video showed him making antisemitic comments in a Paris bar, Jacobs was one of the leading contenders to replace him but according to reports, talks fell through over terms. In the end, Dior took more than a year to appoint Raf Simons as its new designer.

You May Like

Video Analysts: Beijing Parade a 'Bazaar' of Stolen Technology

Show commemorating victory over Japan in World War II involved long, medium and short range missiles, a range of tanks and 200 fighter aircraft More

Bernie Sanders Surge Reflects US Shift on Socialism

Although most analysts say it is unlikely he will get the Democratic nomination, Sanders' campaign opens up questions and issues that are otherwise marginalized More

Video On IS Frontline, Kurdish Fighters Ready for Offensive

Peshmerga soldiers say although they need more heavy artillery, they are poised to take the fight to the Islamic State extremists on their turf More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Drowned Migrant Toddler Photo Triggers European Outragei
X
Henry Ridgwell
September 04, 2015 11:36 AM
The harrowing picture of a drowned three-year-old Syrian boy washed up on a Turkish beach appears to have galvanized Europe’s leaders into doing more to address the refugee crisis. France, Germany and Italy issued a joint call Thursday for compulsory quotas of refugees for all EU states. But there were chaotic scenes in Hungary as police tried to force migrants off a train heading for Austria. Henry Ridgwell has more. And a caution, some of the images in this report may be disturbing.
Video

Video Drowned Migrant Toddler Photo Triggers European Outrage

The harrowing picture of a drowned three-year-old Syrian boy washed up on a Turkish beach appears to have galvanized Europe’s leaders into doing more to address the refugee crisis. France, Germany and Italy issued a joint call Thursday for compulsory quotas of refugees for all EU states. But there were chaotic scenes in Hungary as police tried to force migrants off a train heading for Austria. Henry Ridgwell has more. And a caution, some of the images in this report may be disturbing.
Video

Video Russians Observe 11th Anniversary of Beslan School Attack

This week, Russians have been observing the 11th anniversary of the attack by Islamic militants on a school in Russia's North Caucasus region that killed more than 330 hostages, including 186 children. The three-day siege and massacre that started on September 1, 2004 took place in Beslan, a town in the republic of North Ossetia, and is one of the bloodiest terrorist acts ever in Russia. VOA's Mike Richman reports.
Video

Video Native Americans Debate: Father Serra, Saint or Sinner?

Pope Francis will canonize an 18th century missionary to Spanish California during a papal visit to the United States this month.  But some Native Americans have criticized the elevation to sainthood of the missionary priest, Junipero Serra. VOA's Mike O’Sullivan has more from Los Angeles.
Video

Video Calais School Offers Another Face of Europe’s Migrant Crisis

Europe is facing mounting criticism over how it’s handling its biggest migration crisis since World War II. But not all Europeans believe building walls or passing repressive policies are the answer. A school for migrants in the French port city of Calais, is opening doors and building bonds across nationalities. VOA's Lisa Bryant reports.
Video

Video Kurdish Fighters on IS Frontline Ready for Offensive

Finger on the trigger, the Kurdish Peshmerga soldier stared across the dust at a village taken over by Islamic State extremists. The Kurdistan’s Khazir frontline, just 45 minutes from the Islamic State stronghold of Mosul. And at this point, the militants were less than two kilometers away. VOA's Sharon Behn reports.
Video

Video China Announces Troop Cuts at WWII Parade

Chinese President Xi Jinping Thursday announced plans to cut the world’s largest military force by 300,000 troops. The announcement was made during a massive military parade to commemorate victory over Japan in World War II. The event was shunned by most Western leaders and for some is raising fresh concerns about China’s military ambitions. VOA’s Bill Ide has more from Beijing.
Video

Video Russia-Japan Relations Cool as Putin Visits China for WWII Anniversary

Russian President Vladimir Putin is in Beijing for commemorations of the 70th anniversary of China's WWII victory over Japan. Putin is expected to visit Japan later this year, but tensions between Tokyo and Moscow over islands disputed since the war, and sanctions over Ukraine, could pour cold water on the plan. VOA's Daniel Schearf reports.
Video

Video Yemen ‘on Brink of Disaster’ as Medical Shortages Soar

Aid agencies warn Yemen is on the brink of humanitarian disaster – with up to half a million children facing severe malnutrition, and hospitals running out of basic medicines. There are fears Yemen's civil war could escalate as the coalition led by Saudi Arabia tries to drive back Houthi rebels, who seized control of much of the country earlier this year. Henry Ridgwell reports.
Video

Video Apps Helping Kenyan Businesses Stay Ahead of Counterfeiters

Counterfeit goods in Kenya cost the government as much as $1 billion each year in lost tax revenues. The fake goods also hurt entrepreneurs who find it hard to carve out a niche in the market and retain customers. But as Lenny Ruvaga reports from Nairobi, information technology is being used to try to beat the problem.
Video

Video Nobel Prize Winner Malala Talks to VOA

Nobel Peace Prize winner Malala Yousafzai met with VOA's Deewa service in Washington Sunday to talk about women’s rights and unveil a trailer for her new documentary. VOA's Katherine Gypson has more.
Video

Video War, Drought Threaten Iraq's Marshlands

Iraq's southern wetlands are in crisis. These areas are the spawning ground for Gulf fisheries, a resting place for migrating wildfowl, and source of livelihood for fishermen and herders. Faith Lapidus has more.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Rebuilding New Orleans' Music Scene

Ten years after Hurricane Katrina inundated New Orleans, threatening to wash away its vibrant musical heritage along with its neighborhoods, the beat goes on. As Bronwyn Benito and Faith Lapidus report, a Musicians' Village is preserving the city's unique sound.
Video

Video In Russia, Auto Industry in Tailspin

Industry insiders say country relies too heavily on imports as inflation cuts too many consumers out of the market. Daniel Schearf has more from Moscow.
Video

Video Scientist Calls Use of Fetal Tissue in Medical Research Essential

An anti-abortion group responsible for secret recordings of workers at a women's health care organization claims the workers shown are offering baby parts for sale, a charge the organization strongly denies. While the selling of fetal tissue is against the law in the United States, abortion and the use of donated fetal tissue for medical research are both legal. VOA’s Julie Taboh reports.

VOA Blogs

New in Music Alley

Hamilton Live: Dustbowl Revivali
|| 0:00:00
...  
🔇
X
September 02, 2015 12:19 PM
Dustbowl Revival is an American roots orchestra with eight full-time members who performed live at "The Hamilton" songs from their new CD, "With A Lampshade On."

Dustbowl Revival is an American roots orchestra with eight full-time members who performed live at "The Hamilton" songs from their new CD, "With A Lampshade On."