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Louis Vuitton names designer Nicolas Ghesquiere to replace Marc Jacobs at fashion house's helm

PARIS – Louis Vuitton has named Nicolas Ghesquiere as its new artistic director, replacing the outgoing Marc Jacobs with the designer best known for his ties to the Balenciaga fashion house.

Louis Vuitton announced the appointment on its official Twitter account with a black-and-white photo of Ghesquiere.

Jacobs parted ways with Louis Vuitton last month, although his namesake brand still falls under LVMH umbrella. His replacement has been the subject of intense interest, both among investors for LVMH Moet Hennessy Louis Vuitton and in the fashion world.

Ghesquiere left Balenciaga in 2012 after a 15-year run in which he successfully refocused attention on the brand and drew in celebrities such as Beyonce and Rihanna. He is being sued by Balenciaga for breach of confidentiality clause for speaking negatively of the house.