03 Oct '13, 3pm

Marc Jacobs’s departure from Louis Vuitton set to provide double boost for LVMH |

Marc Jacobs’s departure from Louis Vuitton set to provide double boost for LVMH |

Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA (MC) , the owner of both luxury fashion labels. The move will enable Jacobs to concentrate solely on the growth of his label while a new artistic director works to inspire a revival at Vuitton following a slowdown, according to Luca Solca, an analyst at Exane BNP Paribas. “While Marc has done a lot for LV in 16 years at the helm, it is only natural that new creative talent will provide novelty,” Solca wrote in an e-mail yesterday. The designer being freed up to focus on his own label is “great news.” Jacobs, 50, is stepping down from Vuitton to accelerate his brand’s development, a person familiar with the matter said yesterday. The brand, with annual sales of about $1 billion, may pursue an IPO in about...

Full article: http://www.bloomberg.com/news/2013-10-02/marc-jacobs-seen...

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