Following many months of speculation, Marc Jacobs is exiting his position as the creative director of Louis Vuitton to prepare for the IPO of the Marc Jacobs label, LVMH and Jacobs have confirmed.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Marc Jacobs may be on the verge of leaving Louis Vuitton when his contract ends next month, say sources.
ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.
From shoes to handbags to ready-to-wear, the price of designer fashion has increased precipitously over the last decade. What’s driving the rising prices? And how high can they go?