Louis Vuitton bids farewell to iconic designer Marc Jacobs
By FashionUnited
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After sixteen years, Marc Jacobs leaves Louis Vuitton
After the success of the brands ready-to-wear lines, Jacobs went on to pioneer daring, new art collaborations. He managed to bring art and fashion together unlike any designer had before, working with famous artists like Takashi Murakami, Stephen Sprouse and Richard Prince. These creative pairings had an immediate effect and ended in the birth of iconic pieces, such as the coveted flower/LV monogram handbags. It has been said that it was Jacobs, with his daring collaborations that sparked the craze for branded and monogrammed luxury designs. He wanted to re-establish Louis Vuitton as a status brand, as mentioned in an interview with Vogue: “Vuitton is a luxury brand – it’s functional, but it’s also a status accessory.” The resulting collections, featuring bags covered with graffiti and monograms, was estimated to bring in 5 million dollars in their first year alone, according to Vogue. In 2001 Louis Vuitton won the Accessories Council ACE awards for best accessories collection and ad campaign, thanks to Jacobs vision. His bold move to incorporate celebrities like Jennifer Lopez in Louis Vuitton ad campaign, turned out to be a great success, inspiring further partnerships with other celebrities such as Kanye West in 2006. Year after year, Jacobs has managed to create pieces that are the perfect combination of design, minimalism and luxury, finding his inspiration during his travels, in pop-art and Hitchcock heroines. Within just ten years working as creative director for Louis Vuitton, Jacobs had managed to quadruple the company’s profits and doubled it turnover every five years. Although the LVMH does not announce sales according to brand, it is estimated that Louis Vuitton sales currently top 7 billion dollars and account for at least half of the company’s commissionable profits.After
It comes as no surprise that behind closed doors, some still debate whether Jacobs departure from Louis Vuitton was hundred percent orchestra by the designer and his business partner, or not. Rumor has it that Arnault has been setting the stage since November 2012, to have former Balenciaga designer Nicolas Ghesquiére step in as artistic director. He was accused by Pinault, the CEO of Kering and major rival of LVMH, of trying to steal one of their star designers and now it seems as that Ghesquiére is the main candidate to replace Jacobs. Nevertheless, Jacobs relationship with Arnault does not to seem to have been affected by his leaving of Louis Vuitton. Arnault expressed his admiration for the designer, claiming that he is “one of the most talented people, and even the most talented with which I have ever worked.” He concluded that the relationship between the three, Jacobs, Duffy and himself is “absolutely fantastic." Without a doubt, Marc Jacobs will continue to conquer the hearts of his fans with his eponymous labels and carry on his success in which ever brands he invests himself in.
Vivian Hendriksz