Marc Jacobs International has appointed Sebastian Suhl its new CEO
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High fashion firm Marc Jacobs International has appointed Sebastian Suhl its new CEO. The move comes as the company is working on a plan for its IPO.
The clothing producer’s parent company, Louis Vuitton, transferred Suhl from its other subsidiary, the French Fashion House Givenchy, where he had served as CEO since March 2012. Suhl replaces Bertrand Stalla-Bourdillon who had been the CEO since 2006.
It is hoped that Suhl will succeed at improving sales for both the Marc Jacobs and By Marc Jacobs brands the same way he did for Givenchy.
Sebastian Suhl was born in New York City and holds a Masters in Business Administration from Esade in Barcelona in 1992. He started out as a senior auditor with Deloitte & Touche in Barcelona and worked as the CEO of the Asia Pacific & China for the Prada Group, when there he worked on its successful IPO in 2011.
Marc Jacobs is also looking to take advantage of his expertise in that area for its own IPO. The company was said to have been specifically looking for an American to fill the post.
Marc Jacobs International, L.L.C. is designer and retailer of apparel and accessories for men and women in the United States and internationally. It offers ready-to-wear clothes, leather goods, accessories, fragrances, bags, shoes, and cosmetics. The company was founded in 1984 and is headquartered in New York City. Marc Jacobs International, L.L.C. operates as a subsidiary of LVMH – Louis Vuitton.
There are 285 Marc Jacobs retail stores, including Marc by Marc Jacobs and Marc Jacobs Collection, in 60 different countries. The Marc Jacobs Global flagship store in China opened this year.
The company has an estimated $1 billion in global sales.
Marc Jacobs, 51, was born into a secular Jewish family in New York. A graduate of the High School of Art and Design in 1981, he studied at the Parsons School of Design in New York.
The fashion designer’s big break came when he won the Perry Ellis Gold Thimble Award, Chester Weinberg Gold Thimble Award, and Design Student of the Year Award, all while still 21.
Last year, Marc Jacobs announced he was stepping down from his position as head designer for Louis Vuitton after 16 years, in order to concentrate his efforts at improving his own clothing line.