Brace yourself. The term “designer musical chairs” has been thrown around a lot this year, but this latest bit of news, a potential new chapter for the ongoing Balenciaga saga, brings the expression to a whole new level. According to Fashionista, a reliable source has said that Nicolas Ghesquière is in serious talks with LVMH and that the designer will “definitely” succeed Marc Jacobs.
We haven’t even begun to wrap our minds around the fact that after 16 years, Jacobs will no longer be at the helm of Louis Vuitton. After all, while WWD revealed today that Jacobs is one of the candidates to take over Coach, it also made a case for why Jacobs could very well keep his post at Louis Vuitton, mentioning something to the tune of a possible public offering.
On top of that, it was just last year that Jacobs and Robert Duffy began discussing renewed Vuitton contracts. To that end, according to WWD’s Paris source, LVMH has not conducted talks with any other potential candidates.
While we try to make heads and tails of all the mixed messages and anonymous sources, one thing is for sure: big changes are afoot in the handbag sector.
Update: We originally reported this claim back in June, and now we have even more reason to believe that MJ might be handing off the Vuitton reigns.
Vogue UK reported earlier this morning that French magazine Challenges says Jacobs’ departure has already been internally approved. Additionally, Reuters spoke to an anonymous source that his alleged exodus had indeed tipped off Ghesquière.
These latest developments come on the heels of Louis Vuitton’s announcement that they will be revamping their brand to become even more luxe. Is that their way of priming us for Jacobs’ exit? We’ll just have to wait and see.
Confirmed: Marc Jacobs is leaving Louis Vuitton to concentrate on his eponymous line. While there has been no public announcement, the designer confirmed his departure backstage at his Spring 2014 show.