Backstage at the Louis Vuitton PFW show, Marc Jacobs announced his departure from the brand after 16 very successful years with the house. He was hired in 1997 to bring some edge to the beloved brand while still keeping it’s classically iconic styles. LVMH announced that Jacobs will be leaving to concentrate more on his namesake brand (which LVMH still owns about 96% of). Taking over for the designer will most likely be former Balenciaga creative director, Nicolas Ghesquière. Rumor has it Coach is looking for a new designer to help them (yet again) re-design their brand; and that designer might just be Marc Jacobs. Coach wants to take their brand back to it’s roots, resurrecting the classics of the 1990’s in hopes to re-build their brand equity. Coach designer Reed Krakoff’s contract expires at the end of 2013 just like that of Louis Vuitton and Jacobs. WWD reported that Coach is dreaming of stealing Jacobs away from LV. BUT this is just a rumor. Considering LVMH still owns so much of his own Marc Jacobs brand I don’t know if he would move right on to one their respected competitors. What do you think about the rumor? Should Jacobs move on to Coach? All we’re focused on is the other rumor…Ghesquiére for LV – the possibilities are endless. And most importantly, what did we think of Marc’s unarguably dramatic and incredibly provocative exit collection?