New York—While it’s really nothing more than speculation, rumors circulated in fashion circles today that March Jacobs, creative director at Louis Vuitton, and designer to his own brands, Marc Jacobs and Marc by Marc Jacobs, may be in for a change, possibly Coach.
Several factors are leading to the speculation. Jacobs and his partner Robert Duffy have been with LVMH for 16 years and their contact is due for renewal in 2014. But after being responsible for some 12 collections a year among the three brands, Jacobs may be ripe for a change.
Adding to the rumor mill are the recent appointments of Katie Hillier, former accessories designer at Marc Jacobs, as creative director of Marc by Marc Jacobs, and designer Luella Bartley as design director of women’s ready-to-wear.
Then there’s talk that the Marc Jacobs brand, which LVMH owns a stake in, could even be spun off as an IPO.
Another possible role for Jacobs? Creative director at Coach where longtime creative director Reed Krakoff left earlier this year and where the accessories brand plans new emphasis on ready-to-wear. Others reportedly up for the Coach role include Nicolas Ghesquière, Phillip Lim, Derek Lam, Clare Waight Keller and Emma Hill, who will be departing from Mulberry later this year.
Interestingly, Ghesquière’s name has also been circulating as a possible replace for Jacobs at Louis Vuitton. In fact, sources told Fashionista today that Ghesquière and LVMH are “in serious negotiations” and that the designer is “definitely” in talks to succeed Jacobs.