Louis Vuitton extends contract of Nicolas Ghesquière

Louis Vuitton announced the extension of Nicolas Ghesquière’s contract as the artistic director of womenswear for another five years, according to a press release from the fashion house.

Ghesquière, who previously worked at Balenciaga, replaced Marc Jacobs as creative director in 2013. Since then, the designer has become one of the most celebrated in the industry, revered for his ability to look back in time and pull both references and silhouettes from eras past while also keeping an eye on contemporary inspiration.

According to WWD, Ghesquière lent a hand in growing the luxury brand to $20 billion in annual sales last year. But rumors about his leaving began circulating as early as 2016 and have continued, albeit informally, among the fashion crowd.