Marc Jacobs, the renowned American designer, is parting ways with LVMH after a significant tenure of nearly three decades. At 63 years old, Jacobs has been a pivotal figure in the fashion industry.
Despite the ownership transition, Jacobs will retain his role as creative director, ensuring continuity in the brand's vision and creative direction.
This change comes as LVMH moves forward with a broader strategy to refine its portfolio, suggesting a shift in focus for the luxury conglomerate.