Marc Jacobs appoints new CEO
Sebastian Suhl is leaving his role as CEO of Givenchy to take Marc Jacobs’s eponymous label into the next chapter
From September, Marc Jacobs International will have a new boss.
Step forward New Yorker Sebastian Suhl, the man described by WWD, who broke the news, as one of the “most promising young executives” at luxury conglomerate LVMH, which owns 80 per cent of the Marc Jacobs label.
46-year-old Suhl, who has been at the helm of Givenchy since 2012, will help prepare the label for an initial public offering in several years’ time.
Jacobs, who founded his label in 1993, recently left his position as creative director of French fashion house Louis Vuitton after 16 years to concentrate on the brand, and its diffusion line, Marc by Marc Jacobs.
LVMH chairman and of its fashion group, Pierre-Yves Roussel told WWD that immediate projects would most probably involve broadening the brand’s e-commerce, retail outposts and developing its footwear range.
Jacobs’ long-time business partner, Robert Duffy, will remain as president of the company.