Louis Vuitton Loses Creative Director
As designers wrapped up their spring 2014 shows at Paris Fashion Week, Louis Vuitton creative director, Marc Jacobs wrapped up his 16-year career at the luxury label. The multi-talented Jacobs was able to build and help the luxury label grow into a billion dollar business, while maintaining a successful line of his own. Jacobs confirmed his departure from Louis Vuitton back stage at the spring 2014 presentation.
NY Times shared:
The events at LVMH are taking place in a moment of turmoil in the luxury industry, as groups have been solidifying their positions and designers have become commodities, bought by the highest bidder. Even fledgling designers are being brought into the luxury fold, with LVMH in a constant skirmish with its main rival, Kering, formerly PPR.
In fact, Mr. Jacobs, 50, is a rare designer who has succeeded not only as creative director at Vuitton, but also in building his own brand with fashion lines at multiple price points and marketing that has been embraced by Hollywood and pop culture. John Galliano, the former designer at Christian Dior, before he was disgraced by a racist slur, never managed to give his own label major resonance, and it was viewed as what the French call a “danseuse,” or plaything.
It is without a doubt that Marc Jacobs has been a key component in the growth of Louis Vuitton; do you think the luxury label will be able to produce new and innovative creations without Jacobs?