Women’s Wear Daily ran a piece on the end of the Marc Jacobs era at Louis Vuitton and the next step for the Marc Jacobs brand, which its parent company LVMH Moët Hennessy Louis Vuitton plans to take public within three years. There is one very serious highlight from the piece, which for the most part outlines Jacobs’ influence and legacy at Louis Vuitton.
The article reads: “Asked whether Michael Kors’ wildly successful IPO brought the issue to the fore, the three men [Bernard Arnault, LVMH’s chairman and chief executive officer; Marc Jacobs and his long-time business partner, Robert Duffy, pictured below] all weighed in” and their responses are really funny/awesome/interesting, especially those of Jacobs (who apparently has no clue what’s going on with accessible luxury brand, Michael Kors) and Arnault (who gave a somewhat uncharacteristically sarcastic response) …
Jacobs: “Has Michael Kors been successful?”
Duffy: “To be honest, we’ve talked about this for a few years, not knowing that Michael was going to do what he was going to do.”
Arnault: “We have some familiarity with the stock market.”
“As for where the company will be listed, Jacobs shook his head. ‘I don’t know anything about these things. I’ve got hair and makeup tests to approve.'”