×
147
Fashion Jobs
NIKE
India Sports Marketing Manager
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Senior Product Manager - Enterprise Service Management (Esm), India – Tech Ops Icc
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Senior Security Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Talent Acquisition Coordinator – India, Icc
Permanent · Bengaluru
SS HOMME - SARAH & SANDEEP
Marketing And PR Intern
Internship · MUMBAI
TARAMA
Graphic Designer
Internship · MUMBAI
MASAR GROUP
IT Support
Permanent · DUBAI
NIKE
Sap Security Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
TLM CONSULTANCY
Merchandising Assistant
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
NIYOSSHIC LUXURY CONSULTANCY
PR Assistant
Internship · MUMBAI
NIKE
Senior Dev Ops Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
OUTHOUSE JEWELLERY
Communication Designer
Permanent · MUMBAI
OUTHOUSE JEWELLERY
Store Manager
Permanent · NEW DELHI
NIKE
Senior Sap Application Engineer- Sec Tech, Icc - India
Permanent · Bengaluru
MAC
Make up Artist - Mac - Nykaa Pacific Rajori
Permanent · Delhi
By
Reuters
Published
Jul 18, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

LVMH names new Marc Jacobs boss for possible IPO

By
Reuters
Published
Jul 18, 2014

PARIS, France - French luxury group LVMH has named Sebastian Suhl, currently head of its Givenchy fashion brand, as the new chief executive of Marc Jacobs to prepare the U.S. fashion business ahead of a possible flotation, sources close to LVMH said.



Sebastian Suhl. - DR

They said LVMH head Bernard Arnault is keen to tap Suhl's experience since he successfully floated rival Prada in 2011 when he was chief operating officer of the Italian fashion group.

LVMH, the group behind more than 60 brands including Christian Dior, Celine, Tag Heuer watches and Fred jewellery, declined to comment. Last year, Marc Jacobs left the creative helm of Louis Vuitton, LVMH's biggest brand and profit contributor, to focus on his own eponymous brand and float the business in New York within a few years.

Today, Marc Jacobs International, the umbrella company for the brand which recently launched a colour cosmetics line, is estimated to make just under $1 billion in global sales, including revenue from licences such as eyewear and perfume.

"Also, they wanted an American, somebody based in New York," one of the sources said, adding that current Marc Jacobs Chief Executive Bertrand Stalla-Bourdillon did not wish to move there and that the management reshuffle had been in preparation for more than 10 months already. When Suhl begins at Marc Jacobs in September, Stalla-Bourdillon will start a new job within the LVMH group which he has already agreed to take but which has not yet been made public.

Stalla-Bourdillon, 57, is one of LVMH's top veterans, having been involved with the group since 1986, and is credited with having multiplied Marc Jacobs' revenue tenfold since he took on its management in 2004.

Another source confirmed Suhl's appointment at Marc Jacobs, coming after only two years at Givenchy, where sales are now estimated to have reached some 200 million euros ($270 million).

The second source also confirmed Suhl would be replaced at Givenchy by Philippe Fortunato, Louis Vuitton's former North Asia head. ($1 = 0.7395 Euros).

© Thomson Reuters 2021 All rights reserved.