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The latest rumor to encircle Marc Jacobs preceding his Louis Vuitton presentation on Wednesday is that the designer will leave the company in order "to focus on taking his signature brand to the next level, possibly with an initial public offering," according to WWD.
The trade, speaking with the ubiquitous anonymous informant, has also corroborated the reports that Nicholas Ghesquière is the front-runner to helm the LVMH luxury brand after Jacobs leaves. It also discovered that Uniqlo parent company Fast Retailing approached him this summer about a collaboration similar to the +J project with Jil Sander. Those talks have apparently ended, but the trade also noted LVHM and Fast Retailing have broached the possibility of launching a signature Ghesquière fashion house. To review: That's two designers, two major fashion investors, six rumors, and zero official statements.
· Marc Jacobs Said in Contract Talks With LVMH [WWD]
· Chatter of Marc Jacobs Leaving Louis Vuitton Gets Louder [Racked]