Big changes are afoot at LVMH. Amidst rumors that Marc Jacobs is being tapped to replace John Galliano at Dior, WWD is reporting that Louis Vuitton's CEO Yves Carcelle will be exiting the famed leather goods company, after having been at the helm for 20 years.
Both WWD and Vogue UK speculate that Carcelle's departure is connected to LVMH's reshuffling of its head designer. Carcelle, who is said to have a strong relationship with Jacobs, is probably not exactly over-the-moon about the designer's reported Dior appointment--Jacobs has legendary selling power; losing him would no doubt be a blow to Vuitton.
However, sources within the company are saying that one thing has nothing to do with the other, noting that Carcelle has been transitioning out of his role as CEO for a while. Indeed, it seems the split must be amicable since Carcelle is taking on another position at LVMH as President of the Fondation Louis Vuitton and will continue to sit on the executive committee and undertake “strategic roles” alongside Bernard Arnault, according to WWD.
On the other hand, this leaves Jacobs with even less reason to stay at Vuitton. And since his departure seems imminent, the next question on every one else's mind is: Who will replace him? We'll have to stay tuned.