LVMH dream big for Marc Jacobs
Louis Vuitton Moët Hennessy owner Bernard Arnault is hoping that the sale of Marc Jacobs will be as lucrative as Michael Kors' public sale in 2011.
Louis Vuitton Moët Hennessy owner Bernard Arnault is hoping that the sale of Marc Jacobs will be as lucrative as Michael Kors’ public sale in 2011.
Kors’ IPO (Initial Public Offering) resulted in a market capitalisation of $15 billion and stocks rose by 215 per cent so naturally Arnault has said: "If we could do something along those lines, or even half, everyone will be happy."
Jacobs left the label to launch his own eponymous label which is also heading for an IPO and he was replaced Nicolas Ghesquière, whose debut collection will be launched at Paris Fashion Week on March 5.
Arnault is excited about the new direction that he’s bringing the label in: "He's someone with huge potential, in line with the spirit of Vuitton - creative audacity with extreme refinement."