Marc Jacobs has confirmed that he is to leave Louis Vuitton after 16 years in order to concentrate on his own label.

The news was confirmed by LVMH chairman and CEO Bernard Arnault, following the designers final show for the brand which was a celebration of his greatest hits including set pieces from his previous shows.

"Marc has provided fashion with so much during his years at Vuitton," said Vogue editor Alexandra Shulman this morning. "It's important to know how to exit, as well as arrive, and it's going to be exciting to see how this impacts on the creativity in his own line."