Chairman and CEO of LVMH Bernard Arnault talked about the future of the fashion house at its annual shareholder meeting sharing the promise of the Marc Jacobs brand. He said:

“Marc Jacobs wasn’t even a $10 million company when we invested in it. Now it’s making a billion euros a year in revenue. There are other designers we’ve invested in who haven’t matched that type of performance. Perhaps they weren’t as talented…. Marc Jacobs is the most emblematic designer in the United States. [An IPO could mean] that over the next five to 10 years one company could equal a third of the value of the group. You can see the kind of promise all of this holds.”