Well… it's a little bit more complicated than that…but we agreed that it was probably best for everyone.
--Marc Jacobs, finally, officially, confirms to the Telegraph that he is not going to Dior and will stay at Louis Vuitton. Here's what else he had to say about the decision--which may or may not have been entirely his--to turn down Bernard Arnault's offer and stay at Vuitton:
It's a great honour to be considered, and Mr Arnault is a super intelligent man and a very smart man and it was certainly a very great honour for him to know that I was capable - and not only capable but that I am someone that he would have wanted for the job. But I am very happy to be here. There is so much more left to do and building Louis Vuitton into a fashion company is something nobody else can say they really started.