Marc Jacobs For Dior?

Following initial rumours almost a fortnight ago that Louis Vuitton's Marc Jacobs was in the frame for the Dior job, the whispers have been further substantiated by sources close to the brand - and a possible Vuitton successor has emerged in the shape of Phoebe Philo. Philo's move to Louis Vuitton would not stop her designing for Celine, WWD reports, but would likely see a down-scaling of the Louis Vuitton ready-to-wear collection. Until Jacobs' arrival the brand focused on large leather goods and accessories. LVMH had no comment to make when we contacted a spokesperson this morning.

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LVMH Sees Big Profits, Dior Gains Despite Galliano’s Demise

LVMH Moët Hennessy Louis Vuitton has recorded significant revenue gains for the first half of 2011.

The world’s largest luxury conglomerate saw revenue of €10.3 billion ($14.9 billion) in the first half of 2011, up 13% from last year. Profits were €2.2 billion, up 22% from 2010.
Bernard Arnault, chairman and CEO of LVMH, credited strong brand appeal, consumer attraction to artisanal products and simple business strategy with prompting the growth.

“The first half was marked by the agreement with the Bulgari family to strengthen the long-term growth of the famous Italian Maison,” Arnault said in a press statement. “We approach the second half of the year … relying upon the creativity and quality of our products as well as the effectiveness of our teams to pursue further market share gains” in both historical and emerging markets.

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