Having recently concluded his 16-year tenure as Louis Vuittonās creative director, last week Marc Jacobs announced a new contract with the LVMH brand in which they hope to prepare his eponymous brand for a lucrative public offering. Though everyone agrees there is a lot of work that needs to be done before an IPO becomes a reality, the American designer is ready for the challenge, assuring the integrity of his brand will never be compromised. Fresh off his last LV showing and focused on the future of his namesake line, Marc Jacobs sits down with WWD to further discuss his current undertakings as well as his plans for the next few years. Read an excerpt of the interview below and click here for the full article.
Are you feeling wistful?
It seems like everyone is, āAre you OK? Are you upset?ā Iām like, āNo, Iām really not.ā And no matter what you say, no matter how you explain the situationāfor Robert and me, itās all really super positive. And if I werenāt OK, I would be the first to say Iām not OK. Iām not good at hiding my feelings. Iām also not good at lying. Iām very open about everything. Weāre both really hopeful. We both really believe in what Mr. Arnault said, and we all made this choice. We signed our contracts for the changing in the Marc Jacobs company, with LVMH.
A new contract?
M.J.: Yes. Itās a huge contract. Again, after Robert was negotiating for so long, itās another demonstration of how seriously intent they are on taking the company to the next level. What the contract seems to provide for, what they did for Robert and me, is setting up for āthis is the direction.ā Weāve had Mr. Arnaultās word and we have this contract now. This is all super positive.
Are you up for working toward whatever that direction is?
M.J.: This is just projection, but Iād feel differently if anything changed. Iām going to continue to work in Paris part of the year because itās beneficial for us. Iām going to continue to devote the amount of time I work on things like shoes and bags. Plus, Iāll take on other thingsāthe Sephora thing has gone super well and Iād like to devote more time to that. To be honest, there was a lot of time that I was in Paris over six months of the year that I was working on Marc Jacobs as well [as Vuitton], which is why we have an office there. At this moment, nothing has changed. The only thing is the Vuitton shows.