Marc Jacobs bows out of Louis Vuitton

MARC Jacobs, the star designer who turned Louis Vuitton from a staid luggage-maker into one of the world’s biggest luxury brands, is leaving to focus on his own label. Jacobs’ departure after 16 years comes as Louis Vuitton, which built its name and profitability on LV-embossed bags, has been suffering from cooling demand in Asia and preference for no-logo products.