It's like the world is ending!
Just kidding; it's really not that serious, but it is a HUGE change!
A bunch of VERY reliable sources are reporting that Marc Jacobs may not renew his contract at Louis Vuitton, where he has been the creative director for 16 years!
Nicolas Ghesquire, formerly of Balenciaga, is also reportedly in talks to take his place as the new captain of that world-renowned luxury steamer.
On top of that, Jacobs is allegedly being considered as the new creative director for Coach to replace Reed Krakoff!
So many changes! Our head is spinning!
Putting our emotions and general fear of change aside, we have to say this could be AWESOME!
Jacobs has done a lot of great things for the Vuitton house, but it'd be interesting to have someone new, and especially someone as talented and visionary as Ghesquiere, to take over and inject new life into the brand.
This would also give Jacobs more time to devote to own eponymous fashion empire, Marc Jacobs International, which is considered to be nearing close to the $1 billion mark in net worth, and go public a la Michael Kors.
At this point, these are all just rumors, but extremely plausible ones at that!
We can't WAIT for the official statements!
[Image via Ramey & WENN]
Tags: balenciaga, business blitz, coach, louis vuitton, marc jacobs, nicolas ghesquiere