We were all sweating on it, but it seems Marc Jacobs is definitely not heading to Dior. A source close to Jacobs has told Fashionista that while LVMH approached him in July about the position, he declined it sometime in mid-November.
The source said that negations between LVMH's CEO Bernard Arnault, Dior's president Sidney Toledano, and Jacobs disintegrated over money matters and the restructuring of Jacobs' team. Jacobs reportedly wanted to take his Louis Vuitton crew to Dior and "transfer the aesthetic from one house to another." However as Phoebe Philo was unwilling to leave Celine to replace Jacobs at Dior, it would have left a gaping hole at the lucrative Louis Vuitton label.
Alexander Wang, Jason Wu, and even Tom Ford have been bandied about as the latest possible replacements for John Galliano, but honestly we're all still in the dark and playing the guessing game. Perhaps this latest turn of events will see temporary replacement Bill Gaytten staying at the helm for a while longer, although his collections have faced such widespread criticism that this doesn't seem a preferable option.
I’m sure we're all getting a bit tired of the speculation without confirmation, but it seems we'll have to be patient for a little while longer!
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