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fashion-features

A Lifetime Friendship? Jacobs and Duffy Near New Deals With LVMH

Marc Jacobs and Bernard Arnault are near resolution of a contract dispute that would cement the designer as the creative force behind Louis Vuitton.

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During a conference call, Patrick Houel, LVMH’s chief financial officer, included Marc Jacobs with Celine, Berluti and Pucci as showing positive sales growth. The four companies also were deemed businesses with strong potential by the group when it announced its fourth-quarter and year-end results in March. Donna Karan, however, was portrayed as a major drain on the fashion and leather goods division’s most recent quarter, as store closures and restructuring continue to impact the bottom line.

— With contributions from Miles Socha, Paris
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