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In case you missed the headlines this morning, Marc Jacobs is stepping down as creative director of Louis Vuitton, along with his business partner Robert Duffy are exiting Vuitton.
Women’s Wear Daily reports that Jacobs is exiting his job to focus on an IPO for the Marc Jacobs brand, which could come some time in the next three years. There is some speculation that Jacobs might go to Coach (wouldn’t that be cray?). According to WWD, Nicolas Ghesquière, formerly of Balenciaga, may be next in line for the throne.