2011 August 24
SCOOP! Marc Jacobs In at Dior, Sources Say
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(NEW YORK) Today, high-ranking industry sources have confirmed to The Daily that Bernard Arnault is tapping his rainmaking artistic director at Louis Vuitton for the top spot at Dior, which was vacated in March 2011 by John Galliano. An announcement is imminent. "I have no comment," said a Dior spokesperson. A Marc Jacobs spokesperson was not able to comment on the record; Jacobs and Duffy are currently out of the office. In Paris, we presume?
Jacobs, who has held the Vuitton post since 1997, has grown that brand's business exponentially, turning a once-staid leather goods house into one of Arnault's most dependable cash cows thanks, in no small part, to accessories. Dior, a much smaller piece of the LVMH empire, could be poised for similar growth thanks to Jacobs' reputation for moving massive amounts of (hugely-profitable) product at retail. As predicted by The Daily in early March, Jacobs' value to LVMH is greater in a role at Dior than at Louis Vuitton, where replacements are soon to be announced.
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