Marc Jacobs Quits Louis Vuitton After Show
Marc Jacobs has shown his last collection for Louis Vuitton at Paris Fashion Week.
The French luxury firm has confirmed the designer - one of the biggest names in the fashion industry - is stepping down as its creative director.
The company would not say who would be replacing him, when he was going or give a reason for his departure but speculation is rife he wants to concentrate on his own brand and is considering a flotation.
Under his tenure, Louis Vuitton was hailed the most lucrative fashion house in the world, in part thanks to his creation of a ready-to-wear line.
As a backdrop to his final Louis Vuitton show on Wednesday, Jacobs revived creative masterpieces of his past catwalk success to widespread acclaim.
Louis Vuitton is part of the LVMH group of firms which own an array of other luxury names in everything from jewellery to champagne.
Jacobs assumed the role of creative director in 1997 and while his namesake labels are owned by LVMH it has been widely reported that an Initial Public Offering has been considered.
Talk over his replacement at Vuitton has seen Nicolas Ghesquiere - former lead designer at Balenciaga - emerge as a strong potential candidate.