Marc Jacobs To Close London Flagship
Marc Jacobs is set to close its flagship store in England’s capital. Whilst the LVMH owned brand will maintain its physical presence through wholesale partnerships like Selfridges and Harvey Nichols, the closing of Mount Street is significant as its presence was key for turning the relatively unknown Mayfair street into London’s luxury hub. The Mount Street flagship is one of many other European stand alones that are set to close in the near future.
Downsizing the company’s structure is a result of the losses the brand has endured since its founder and designer, Marc Jacobs exited his role as Women’s Artistic Director of Louis Vuitton in 2013. At the time, Jacob’s label was on track to break away from parent company, LVMH.
At present, since the closing of all its Marc by Marc Jacobs stores, the brands current network consists of four Marc Jacobs stores, one Bookmarc bookstore and four outlets in the US, as well as international stores in countries including Japan, Malaysia and China.