Marc Jacobs Louis Vuitton

Marc Jacobs Exits Louis Vuitton After 16 Year Tenure To Focus On IPO #Fashionlaw

In Fashion Law, Industry News by FASHIONENTLAW™

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WWD reports a rather interesting news that prominent fashion designer Marc Jacobs is leaving Louis Vuitton to focus on IPO. Interesting. The designer leaves after a sixteen year (16) tenure with the company.

See an excerpt of the report below.

Cheers,
Uduak
Photocredit: Therichest.com

“Marc Jacobs is leaving Louis Vuitton as plans take shape for an eventual public offering for the Marc Jacobs brand.

LVMH chairman and ceo Bernard Arnault, together with Jacobs and his long-time business partner Robert Duffy, confirmed the developments to WWD following months of speculation.

The applause that rang out this morning from the vast tent in the Cour Carrée of the Louvre signaled the end of Jacobs’ tenure as creative director for the storied French house and the official beginning of Jacobs’ IPO preparation. The offering should occur within the next three years. WWD first reported on June 10 LVMH’s interest in taking Marc Jacobs public.

Jacobs’ successor at Vuitton has not been named, nor has a decision been made, though strong indicators continue to point to Nicolas Ghesquière as the frontrunner. . .”

WWD has the full story.

Uduak Oduok (Ms. Uduak) is a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her firm’s fashion and entertainment law practice areas. Ms. Uduak has litigated a wide variety of cases in California courts. She has also handled a variety of entertainment deals for clients including network television and licensing deals. Her work and contributions to the creative industry has been recognized by numerous organizations including the National Bar Association, and featured in prestigious legal publications in the USA: ABA Journal and The California Lawyer Magazine. She is also the author of Fashionentlaw™ and also has over two decades combined hands on industry experience in the creative industry which includes modeling, retail, fashion production, public relations, digital media, journalism and publishing. For further inquiries or if you are seeking legal representation, please email (uduak@ebitulawgrp.com). You may also follow her on twitter at @uduaklaw

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