It’s Official: Marc Jacobs Is Leaving Louis Vuitton

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Marc Jacobs Louis Vuitton

After months of speculation, multiple sources confirmed in Paris this morning that Marc Jacobs will be leaving his role as artistic director of Louis Vuitton. Jacobs will exit the French heritage label after 16 years at the helm.

The announcement came shortly after Jacobs showed his final collection for Louis Vuitton at the Cour Carrée of the Louvre in Paris, which adds extra poignancy to an already somewhat magical, whimsy-wrought collection filled with graffiti scrawls professing the designer’s love for Paris and feather mohawks. Jacobs was given a standing ovation at the end of the show.

MORE: See Every Look From Marc Jacobs’ Spring 2014 Collection

Jacobs is reportedly leaving to focus on his own brands—Marc Jacobs and Marc by Marc Jacobs—as the designer is planning an IPO within the next three years, WWD reportsWhere an IPO is concerned, Jacobs would be in good company: brands like…

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