Dive Brief:
- Designer Marc Jacobs plans to resign his position with Louis Vuitton, The New York Times reports.
- After a 16-year stint with the brand, the designer will exit the company following the release of his spring 2014 design collection.
- Jacobs hopes to focus on the planned entry of his eponymous fashion label becoming a publicly traded company.
Dive Insight:
The recent Louis Vuitton Spring 2014 fashion show designed by Jacobs received a standing ovation from the crowd, making this report all the more dramatic. Despite the reports of Jacobs’s imminent resignation, no formal announcement on the decision has yet been released.
One possible successor to Jacobs may be Nicolas Ghesquière, the former Balenciaga designer.
