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.

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WHAT IS Fashionentlaw™: It is a law blog discussing hot topics in pop culture that arise primarily out of the fashion industry and intersects/ collides with the law. WHAT I DO: My name is Uduak Oduok and I am a California licensed attorney who helps creatives and business owners sleep better at night by protecting their creativity and reputation, securing their rights, and helping them with the monetization of their intellectual assets. WHO I WORK WITH: I have counseled a range of clients from musicians, models, actors, actresses, and designers, to diverse business owners in numerous areas of the law including contracts, business law, fashion and entertainment law, copyright, trademark, and intellectual property law. I bring over two decades of first-hand knowledge and experiences that are as diverse as they are deep in the fashion and entertainment industries (modeling, retail, production, public relations, journalism, and publishing). I am an attorney who “gets it” when it comes to resolving legal issues for the fashion and entertainment industries. INTERESTED IN TALKING TO ME ABOUT LEGAL REPRESENTATION? To arrange a consultation to discuss your case, contact me today at 916-361-6506 or email me directly at (uduak@ebitulawgrp.com). Full bio: Ms. Uduak Bio/ Twitter @uduaklaw

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