Marc Jacobs' recent retail and business difficulties have been well-documented, from newly-appointed CEOs to sales declines to, perhaps most prevalently of all, long-standing speculation that the designer may leave his namesake label. The latest news on this front comes in regards to his brick-and-mortar operations: On Friday, Business of Fashion reported that the New York-based label is set to shutter its last remaining London store on Mayfair's Mount Street, with additional European locations to follow. While BoF was not able to confirm which outposts, exactly, will close going forward, sources "familiar with the business" allege that the LVMH-owned brand's Paris store on Rue Saint Honoré will remain open.
A spokesperson for Marc Jacobs did not immediately respond to our request for comment.
According to its website, Marc Jacobs currently operates 13 stores, including outlets, across Europe, in countries that include Denmark, France, Italy, Luxembourg, Norway and the United Kingdom. The brand also operates a range of locations in Asia, Oceania and the Middle East, such as in South Korea, Taiwan, Indonesia, Guam, Saudi Arabia and the United Arab Emirates.
Marc Jacobs' struggles most commonly date back to LVMH's 2015 decision to unify the brand's successful Marc by Marc Jacobs diffusion line with the main line, which booted Marc by Marc Jacobs designers Luella Bartley, whom Calvin Klein Jeans poached in February 2017, and Katie Hillier from the company.