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Marc Jacobs is Taking Over Dior?

LVMH's chairman, Bernard Arnault, has been biding his time and making plans to appoint a new King of the World to replace the disgraced John Galliano at Dior, and it looks like he might have finally found his man. A relatively unknown designer named Marc Jacobs is currently in talks to take the reigns at the French luxury house, WWD reports.

Marc Jacobs Dior

The American designer was apparently sitting right under Arnault's nose the whole time, as the frontman for another one of LVMH's labels, Louis Vuitton. (Don't worry if you haven't heard of it; it's big in Japan.) If Jacobs moves to Dior, Celine's Phoebe Philo is likely to take the reigns at Vuitton. See? The fashion industry is like a soap opera, but a really high-budget, super sophisticated soap opera with lots of money at stake.

Marc Jacobs is reportedly talking contract negotiation details all week, so let's hope we get a confirmation that puts all this speculation to rest by the end of the week.