After months of speculation as to who would take the helm at Christian Dior, Marc Jacobs is said to be in final negotiations with the fashion house.
Jacobs and his business partner, Robert Duffy, are reportedly asking a salary in excess of $10 million, plus “benefits”, WWD reported.
If the deal goes ahead, Jacobs would retire from his current position as creative director at Louis Vuitton and take the reigns at Christian Dior.
The new role would require a heavy workload of two couture and four ready-to-wear collections, plus his own eponymous labels Marc Jacobs and Marc by Marc Jacobs.
John Galliano was relieved of his duties with Dior earlier this year after he was accused of making anti-Semitic and racial slurs.
Speculation about whom Dior would hire to replace Galliano has been mounting for months, with other names including Jason Wu, Kate and Laura Mulleavy of Rodarte and former Hermes creative director, Jean Paul Gaultier.
Azzedina Alaia was also offered the coveted position, and although “flattered”, publically declined the opportunity to “be part of [Dior’s] next chapter.”
Stay tuned for updates.
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