Marc Jacobs: $10 Million Dior Contract?
with Dior to succeed John Galliano.
Marc Jacobs appears to have a message for Dior: Show me the money!
The designer and his business partner, Robert Duffy, are said to be negotiating a salary in the “low eight figures” (around $10 million, plus benefits) before accepting a move to replace John Galliano at Christian Dior, sources tell Women's Wear Daily.
Insiders say that legal representatives for Jacobs—who has replaced Givenchy’s Riccardo Tisci as the frontrunner of choice—have met with Dior president and CEO Sidney Toledano in New York to discuss the terms of his contract, but could be headed for a stalemate over the top-dollar salary issue.
There’s a lot at stake for Jacobs and Duffy. While the latter is poised to join Dior as an artistic director, the former could become one of the highest-paid designers in the world if his salary demands are met.
Still, the deal wouldn’t be without a sacrifice or two. Taking on the prestigious Dior job would mean leaving the cushy ranks of Louis Vuitton, and adding two couture collections to his plate, which also includes his fragrance business and Marc Jacobs and Marc by Marc Jacobs labels. The job would also require more hands-on work in Paris with the Dior atelier.
We're not too worried—no one juggles quite like MJ.
Meanwhile, see our couture designer wish list.
