Rumors of Marc Jacobs taking over John Galliano’s position at Dior came about in early August, and now Jacobs and his business partner, Robert Duffy, are said to be negotiating a salary. Though neither Jacobs nor Duffy have made official statements on the matter, Vogue.co.uk reports that the two are urging for a salary over $10 million for the designer to leave his position at Louis Vuitton and join the Dior house.
The job at Dior would mean even more work for Jacobs than he has at Vuitton. With the position at Dior comes two couture collections per season as well as the ready-to-wear collections; Jacobs will also continue his work at his eponymous label and his contemporary label Marc by Marc Jacobs. If Jacobs is granted this large salary, he will become one of the highest-paid designers in the world.
“According to sources, Dior president and CEO Sidney Toledano is said to have recently spent several days in New York to meet with legal representatives for Jacobs and Duff,” WWD reports. “The duo is believed to be looking for a salary somewhere in the low eight figures each, plus benefits.” Vogue.co.uk also mentions that designer Phoebe Philo of Celine will take Jacobs’ place at Vuitton.