French luxury house LVMH has denied rumours that Nicolas Ghesquière has been appointed creative director at Louis Vuitton following a flurry of speculation online last night.
Ghesquière is widely thought to have been earmarked for the role, which is being vacated by Marc Jacobs after 16 years at the helm.
But despite widespread reports putting the former Balenciaga creative director in pole position, LVMH this morning insisted a decision on Jacob’s successor has yet to be reached.
Bernard Arnault, chairman and chief executive of LVMH confirmed the creative director will be leaving the fashion house at Jacobs’ last runway show for the brand at Paris Fashion Week on October 2.
Jacobs’ contract expires at the end of the year and he is stepping down to focus on his own brand with the goal of having an initial public offering within three years.
Ghesquière was creative director of Balenciaga for 15 years but parted ways from the design house in November 12. The label is reportedly now suing the designer for “breach of duty of confidentiality”.