The Malaysian Insider :: Showbiz
The Malaysian Insider :: Showbiz |
| Marc Jacobs to leave Louis Vuitton Posted: 02 Oct 2013 05:32 AM PDT The US designer with a flair for showmanship is wrapping up his 16-year tenure to concentrate on a stock exchange flotation of his own brand, estimated by market sources to be "approaching the billion-dollar leagues". Jacobs and Bernard Arnault, chairman of Louis Vuitton parent company LVMH, confirmed the move to industry journal Women's Wear Daily following months of speculation. The news coincided with Jacobs' Louis Vuitton show in Paris on the last day of the ready-to-wear collections and followed contract negotiations between Jacobs, whose contract had been due to expire at the end of the year, Louis Vuitton and LVMH. The 50-year-old Jacobs took over at Louis Vuitton in 1997, presenting the luxury brand's first ever ready-to-wear collection. "Jacobs leaves Vuitton after a dazzling 16-year run during which he orchestrated the transformation of the leather goods giant from a stodgy luggage house to a global fashion presence," WWD said. "He pioneered the concept of the fashion-art runway collaboration, first with Stephen Sprouse and later, with several artists including Takashi Murakami and Richard Prince," it said, recalling how the bags he designed with Sprouse and Murakami became global phenomena. It is understood that the initial public offering (IPO), expected within the next three years, will require Jacobs to be fully focused on his own brand in order to ensure the highest possible valuation. A successor has not been named but Louis Vuitton is understood to have held talks with former Balenciaga designer Nicolas Ghesquiere about succeeding Jacobs as artistic director, sources told WWD earlier. Frenchman Ghesquiere parted company with Balenciaga in November 2012 following a 15-year tenure. LVMH owns a substantial stake in the New York-based Jacobs business, and has overseen the introduction of the brand Marc by Marc Jacobs and roll-out of a global network of stores. Citing market sources, WWD said estimates for the entire Jacobs brand were "approaching the billion-dollar leagues". Jacobs attended the Parsons School of Design in New York before joining forces with Robert Duffy who has been his business partner since the mid-1980s. His first collection for the Marc Jacobs brand came in 1986. Marc by Marc Jacobs was introduced in 2001. The news of his departure came as nine days of ready-to-wear fashion for spring/summer 2014 were due to wrap up in Paris later tonight. – AFP, October 2, 2013. |
| Lady Gaga and Eminem to attend first YouTube Music Awards Posted: 01 Oct 2013 05:45 PM PDT The awards show will feature performances from Eminem, Arcade Fire and Lady Gaga, just to name a few. The idea is not only to celebrate the most popular videos on YouTube but also to honour artists who rose to fame through the platform this year. The award nominations, to be announced on October 17, will most likely focus on the most watched and shared videos of the past twelve months, although specific categories have yet to be announced. Internet users worldwide will be able to cast their votes among the nominees to elect the first winners of the YouTube Music Awards. Naturally, the awards ceremony will be streamed live on YouTube from the venue in New York, and YouTube will also stream performances from Seoul, Moscow, London and Rio to add an international dimension to the celebration. Spike Jonze has been named creative director for the event, while Jason Schwartzman has been picked to host. – AFP/Relaxnews, October 2, 2013. |
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