Marc Jacobs Leaving Louis Vuitton After 16 Years
News breaks in middle of Paris Fashion Week
By Newsy, a Newser Video Partner
Posted Oct 2, 2013 11:15 AM CDT

(Newser) – Designer Marc Jacobs is parting ways with Louis Vuitton after 16 years. 50-year-old Jacobs served as creative director for the brand, and is credited with transforming Louis Vuitton into one of the most profitable fashion houses in existence. Jacobs' contract is almost up with the company, and there had been speculation for a few months that he and business partner Robert Duffy would be leaving.