WWD is reporting that Louis Vuitton and its parent company, LVMH, are currently in negotiations that could end Marc Jacobs’s 16-year tenure at Vuitton. Jacobs would then have more time to focus on taking his signature brand to the next level. It has also been reported that Vuitton has held meetings with Nicholas Ghesquière about succeeding Jacobs as artistic director of the brand. LVMH has reportedly had its eye on Ghesquière for years, and had considered him to succeed Lee Alexander McQueen at Givenchy and, more recently, to follow John Galliano at the head of Dior. For more information on the story head on over to WWD.