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| Version 1 | Version 2 |
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| Marc Jacobs steps down as Louis Vuitton's creative director | Marc Jacobs steps down as Louis Vuitton's creative director |
| (about 20 hours later) | |
| Designer Marc Jacobs is leaving the luxury goods firm Louis Vuitton, to focus on his own brand. | Designer Marc Jacobs is leaving the luxury goods firm Louis Vuitton, to focus on his own brand. |
| The announcement came in an interview given to Women's Wear Daily, by LVMH boss Bernard Arnault. | The announcement came in an interview given to Women's Wear Daily, by LVMH boss Bernard Arnault. |
| The Marc Jacobs label is jointly owned by Mr Jacobs, his business partner and LVMH. The three are preparing to take the brand public with a share offering expected within three years. | The Marc Jacobs label is jointly owned by Mr Jacobs, his business partner and LVMH. The three are preparing to take the brand public with a share offering expected within three years. |
| LVMH have yet to name a replacement for the high profile Louis Vuitton job. | LVMH have yet to name a replacement for the high profile Louis Vuitton job. |
| Global brand | Global brand |
| The world's biggest luxury goods empire also owns Givenchy, Pucci, Moët & Chandon, Christian Dior perfumes and cosmetics, and Bulgari watches and jewellery. | |
| The American designer spent 16 years at the company, where he helped it grow into a global brand which generates more than 7 billion euros of revenue a year, half of LVMH's operating profits. | The American designer spent 16 years at the company, where he helped it grow into a global brand which generates more than 7 billion euros of revenue a year, half of LVMH's operating profits. |
| Mr Jacobs presented his last collection for Louis Vuitton earlier on Wednesday. | Mr Jacobs presented his last collection for Louis Vuitton earlier on Wednesday. |
| It was an all-black show with references to his past work such as the train station he reconstituted and the white carousel carrying models, including Kate Moss, two years ago. | It was an all-black show with references to his past work such as the train station he reconstituted and the white carousel carrying models, including Kate Moss, two years ago. |
| Nicolas Ghesquiere, who left Balenciaga last year having revamped the Kering fashion brand, is seen as a top contender to replace Mr Jacobs. | Nicolas Ghesquiere, who left Balenciaga last year having revamped the Kering fashion brand, is seen as a top contender to replace Mr Jacobs. |
| David Da Maia, analyst at brokerage Aurel BGC in Paris, said: "It would be a positive sign if Ghesquiere joined Louis Vuitton as he is one of the most coveted designers today and he would give a creative jolt to the brand." | David Da Maia, analyst at brokerage Aurel BGC in Paris, said: "It would be a positive sign if Ghesquiere joined Louis Vuitton as he is one of the most coveted designers today and he would give a creative jolt to the brand." |
| Mr Jacobs' own fashion brand is also controlled by LVMH. | |
| It is one of the fastest growing labels within the French group's fashion and leather goods division. |