Marc Jacobs to name Sebastian Suhl as CEO

Friday, 18 July 2014
More changes are afoot at Marc Jacobs International, with a new Chief Executive Officer being appointed, strengthening rumors of a possible IPO for the American fashion house. French luxury conglomerate and parent company of Marc Jacobs, LVMH, has appointed Sebastian Suhl as the fashion label's new CEO, according to WWD. Suhl, who is currently CEO at Givenchy another label owned by LVMH, will begin his new role at the American label this September.

He first joined the French luxury group in 2012, when he was appointed CEO of Givenchy. Suhl joined LVMH after an impressive eleven year career at Prada Group. In 2001, he was tapped as general manager for France and in 2009 he was appointed as the group's chief operating officer. He has been credited for the success of the brand's IPO on the Hong Kong stock exchange in 2011.

Marc Jacobs taps new CEO ahead of retail expansion phase

Pierre-Yves Roussel, chairman and CEO of LVMH Fashion Group as well as chairman at Marc Jacobs, commented that Suhl would help start a number of new projects at the fashion label, including expanding the brand's retail chain in the US and renewing its accessories lines. He also added that Suhl could help the label prepare for a future IPO.

“He knows what it takes to go through this process,” Roussel said, referring to Prada Group’s IPO in 2011.

Suhl is set to succeed Bertrand Stalla-Bourdillon at Marc Jacobs, a industry veteran who has held the position at the fashion brand since 2006. According to WWD, Stalla-Bourdillion will remain working for LVMH and will be reassigned within the company to another brand.

Suhl's arrival at Marc Jacobs comes less than a year after the designer left his former role as artistic director at Louis Vuitton to focus on expanding and developing his eponymous label. Marc Jacobs was replaced by Nicolas Ghesquière last November after he left the French fashion house. Rumors have been circulating that LVMH hopes to tap into Marc Jacobs full business potential now and prepare it for a future IPO.

LVMH has also tapped another company veteran to fill the vacate role Suhl will leave behind at Givenchy. Philippe Fortunato is set to take over the helm at the French fashion brand, after recently leaving his former role at Louis Vuitton as president and CEO of North Asia.

Photos: Sebastian Suhl, Marc Jacobs Menswear Spring Summer 2015



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