marc jacobs one of the most famous fashion designers in the whole wide world has his own brand with l.v. m.hut for the past sixteen years he's been at the creative helm of tahn i said i wrote i think clearly i am not part of the image family he's credited with transforming the flagship bread from a has been suitcase company to one of the hottest names in high fashion but now jacobs is out. because he's off to prep his own brand mark shake ups obviously for an i.p.o. is exciting stuff for mr jacobs so is this bad news for l v m h though to discuss i'm joined now by our t.v. producer rachel rachel doing pretty good how you go ritual is l m h trying to three hundred dollar champagne i mean come on it's taking victory shots of hennessy right now this is actually a huge win for l v m h and here's why so marc jacobs has already kind of rehabilitated dilute the tone brand in a way that's been really good for the company but now it's kind of plateaued so sixteen years in the fashion industry is a really good age for a supermodel but it's not i mean at this point his health has kind of ended and it's