A Designer Moves On
When American designer Marc Jacobs announced that his tenure as creative director of French luxury fashion label Louis Vuitton had ended in early October, much of the attention was directed towards his funeral-esque spectacle of a final runway show for LV (which included, among other things, a massive black fountain and models wearing sky-high feather headdresses). Beneath all the glitz, however, is a very business-minded reason for why Jacobs is leaving this post after 16 years—Women’s Wear Daily reports that within the next three years, LV owner LVMH Moët Hennessy Louis Vuitton SA is looking to take the self-titled Marc Jacobs fashion line, of which it owns a majority stake, public.
It seems that executives at LVMH have taken notice of the billion-dollar success stories of other fashion designers who have recently taken their own brands to market, including Tory Burch and Michael Kors. After going public in 2011, Kors’ coveted handbags have been flying off the shelves, helping the designer to approach billionaire status in the process.What follows are a list of successes Marc Jacobs has already had both as creative director at Louis Vuitton as well as at his own label. If his past accomplishments are anything to go by, he just might find himself in the fashion designer billionaires club in the near future.