Reginal Thomas
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Designer Marc Jacobs Leaving Louis Vuitton

Marc Jacobs is leaving Louis Vuitton after a 16 year tenure with the world largest fashion house. Don't worry though Marc Jacobs is leaving for a very good reason, he is preparing his own brand 'Marc Jacobs' for a IPO. Jacobs found his brand in 1984 today the brand has sales reaching $1 billion a year. Aside from that Jacobs is seen as the sole person who revived Louis Vuitton. He is widely seen as the designer of the last generation. He is following in the step of another fashion designer Micheal Kors who put his fashion company on the open market in 2011 and raised just under $1 billion dollars today Micheal Kors has a market cap of $15.4 billion.