Ghesquière to Louis Vuitton? Not So Fast, LVMH Says

Nicolas Ghesquière: Louis Vuitton's next creative director?

Nicolas Ghesquière: Louis Vuitton’s next creative director?

Paris—No wonder the international fashion community wants this so bad: it seems like the perfect matchup—rising star and former Balenciaga designer Nicolas Ghesquière being installed as creative director at Louis Vuitton.

Ghesquière, who left Balenciaga last November after 17 years, has been touted as the successor to replace Marc Jacobs even before Jacobs and LVMH, Vuitton’s owner, officially announced his departure earlier this month.

But according to a comment today from an LVMH spokesperson: “Nothing has been decided.”

That despite “confirmed reports” from unnamed insiders who basically say that Ghesquière will continue the legacy that Jacobs started and his experience building Balenciaga’s accessories business would serve Louis Vuitton well.

One glitch in the process, however, could be the dispute Ghesquière reportedly is enmeshed in with his former employer, Kering, which owns Balenciaga. The luxurygoods conglomerate is supposedly suing the designer for breach of contract, asking 7 million euros in damages.

Jacobs presented his final show for Louis Vuitton on Oct. 2 at Paris Fashion Week and then alongside partner Robert Duffy and LVMH chairman Bernard Arnault, he announced his departure to tend over his own namesake company which will likely be seeking an IPO eventually. LVMH also holds a majority stake in Marc Jacobs brand.

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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

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