At the end of last month, Sidney Toledano, president and CEO of Dior, said he expected to have news on Dior’s new designer “in the next few weeks.” Not a day later came reports that talks between Dior and the front runner for the position, Marc Jacobs, had been tough and at a standstill.
Now, however, WWD reports: “Negotiations with Marc Jacobs . . . to become Dior’s next couturier have been progressing, sources said this week. It is understood . . . Phoebe Philo remains the preferred candidate to succeed Jacobs at Vuitton, should the American designer conclude a deal with Dior.”
Dior, which has now been without a creative director since March, reported that its revenues were up 17.6 percent in the third quarter — suggesting that the brand is more potent than the famous designer behind it.