UPDATE: According to Business of Fashion, “Louis Vuitton has categorically denied the report.”
Read the original story below:
The head designer revolving door trend among luxury brands continues, with rumors emerging that LVMH boss Bernard Arnault is considering ousting Louis Vuitton‘s women’s head designer Nicolas Ghesquière, possibly as early as October, following the label’s presentations for spring. Ghesquière, 45, has lead the label for close to three years and prior to that was head creative for Balenciaga.
According to Reuters, the label is said to be considering replacing him with up-and-coming designer J.W. Anderson, who currently leads LVMH brand Loewe and is viewed as a better talent by LVMH No. 2 in command, Arnault’s daughter, Delphine. LVMH has declined to comment on the matter.
Louis Vuitton is the world’s largest label within the luxury category, a segment that has seen its share of struggles over the past few years, hurt by economic stagnation and anti-corruption policies in China as well as changing fashion trends that have created headwinds for the bag and perfume categories.