Nicolas Ghesquière is in at Louis Vuitton

It should come as a surprise to no one that on the heels of the official announcement that Marc Jacobs has stepped down from his position as creative director at Louis Vuitton after 16 years (and after we were the ones to tell you a month ago that a deal had already been signed), that Nicolas Ghesquière has been named as the luxury design house's new creative director.

Of his new position, Ghesquière told WWD: "Louis Vuitton has always incarnated for me the symbol of ultimate luxury, innovation and exploration... I am very honored of the mission that I am entrusted with, and proud to join the history of this great maison. We share common values and a vision." A spokesman for Vuitton said Ghesquière would bring "a modern creative vision to the house's women's collections, building on the values of refinement, savoir faire and extreme quality." He is slated to begin immediately.