Moncler’s $1,220 quilted polyester jackets have been a hit with wealthy skiers for decades. Whether the luxury clothier can prove as popular with investors this week may depend on attracting more non-Alpine customers.
Louis Vuitton appointed former Balenciaga designer Nicholas Ghesquiere as artistic director of womenswear, succeeding Marc Jacobs, and said he will “infuse” the world’s largest luxury brand with modernity.
Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
Two years ago, Bernard Arnault asked his son Antoine to run shoemaker Berluti, then this month he installed his daughter, Delphine, as executive vice president of Louis Vuitton. While her brief is to revive the handbag maker and Antoine’s task is to transform Berluti into a menswear titan, Arnault is auditioning both for another job: his own.
Marc Jacobs will leave Louis Vuitton after 16 years as artistic director of the world’s biggest luxury label to focus on an initial public offering of his own brand, according to a person familiar with the matter.