Marc Jacobs Leaves Louis Vuitton

03:09

October 02, 2013

Fashion designer Marc Jacobs, at the end of his Louis Vuitton ready to wear Spring-Summer 2013 collection, presented in Paris, Wednesday, Oct. 3, 2012. (Jacques Brinon/AP) — Fashion designer Marc Jacobs, at the end of his Louis Vuitton Ready-to-Wear Spring-Summer 2013 collection, presented in Paris, Wednesday, Oct. 3, 2012. (Jacques Brinon/AP)

After months of speculation, American fashion designer Marc Jacobs has announced that he is leaving Louis Vuitton.

After 16 years as the creative director for the the French fashion house best known for its LV monogrammed bags, Jacobs is turning his attention to preparing the Marc Jacobs brand for an eventual public offering.

Guest

Jim Fallon, editor of Women's Wear Magazine.

This segment aired on October 2, 2013.