Report: Marc Jacobs Heading to Coach?

Marc Jacobs

Marc Jacobs

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.

 

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Jeff Prine

Jeff Prine, Editor at Large, Accessories Magazine
Jeff returns as a regular contributor to Accessories magazine. Initially Jeff worked as senior editor at Accessories more than 20 years ago and his love of the industry has followed him until present. Since his tenure here, Jeff has continued to report jewelry, watch and other luxury goods trends as executive editor at Modern Jeweler magazine, fashion director at Lustre, and as contributor on products and trends for consumer and trade publications and websites. In addition to his editorial experience, Jeff also served as an adjunct instructor for accessories merchandising at Fashion Institute of Technology. jeffp@busjour.com