Bernard Arnault might poach a star designer for Christian Dior after all — and one from his own constellation of luxury brands.
According  to sources, the business titan is in talks with Marc Jacobs about  becoming the new couturier of the fabled French house. Dior has been  without a creative leader since the March ouster of John Galliano in the  wake of allegations of racist and anti-Semitic outbursts.
Such a  move would unseat Jacobs from Louis Vuitton, the cash-cow brand at LVMH  Moët Hennessy Louis Vuitton — and possibly set in motion a reshuffling  at the French luxury giant.
It is understood that Phoebe Philo,  who has revved up Celine with her ultra-chic, minimalist clothes and  must-have handbags, could be first in line to succeed Jacobs at Vuitton.
One  source cautioned that a deal with Jacobs is not assured, but that the  American designer and Dior management are so far “excited” about the  prospect.
Meetings are scheduled to take place in Paris this week  between Dior officials and legal representatives for Jacobs, who is  currently in New York preparing for his signature fashion show there.
Dior declined to comment. Jacobs could not immediately be reached for comment.
Besides  Arnault, chairman at LVMH and Dior, key decision makers in the designer  search are Sidney Toledano, Dior’s chief executive officer, and  Delphine Arnault, deputy managing director at Dior. 
Should the  American designer get the job, it would surely give a jolt of excitement  to Dior and Paris Fashion Week, given that Jacobs is a darling of  editors and has proven his ability to mount electrifying shows and  create hyper-luxurious clothes and accessories.
Jacobs, who  signed on as Vuitton’s artistic director in 1997, has been in the throes  of renewing his employment contract at the leather goods powerhouse.  Those discussions have now been put on the back burner, pending the  outcome of the Dior discussions. 
Jacobs and longtime business  partner Robert Duffy also have long-term agreements with LVMH, which  owns Marc Jacobs International. Duffy would be part of the package  should Jacobs move to Dior, and is deemed pivotal to any deal.
As  for eventual succession at Vuitton, LVMH has already held preliminary  discussions with Philo, and the London-based talent is described as  “intrigued” by the project, according to one source.
Should the  scenario play out, Philo would likely design Vuitton in addition to her  duties at Celine, suggesting Vuitton might take a more toned-down  approach in its post-Jacobs period.
The American designer has  brought a whirlwind of attention to Vuitton by staging theatrical and  eclectic fashion shows, collaborating on leather goods with high-profile  artists like Stephen Sprouse, Takashi Murakami and Richard Prince, and  hiring celebrities including Jennifer Lopez, Madonna and Uma Thurman to  pose in Vuitton fashion campaigns.
According to sources, when  Arnault began installing hot designers at his stable of dusty heritage  brands in the Nineties, his initial discussions with Jacobs centered on  Dior as a potential successor to then-designer Gianfranco Ferré.
However,  Dior’s president at the time, Francois Baufume, evidently vetoed that  idea, clearing the way for Galliano to move over from Givenchy to Dior,  and for Jacobs to take on the challenge of inventing a ready-to-wear  image for Vuitton, a famous maker of trunks and leather goods founded in  1854.
Arnault has often waxed poetic about the importance of matching a designer’s talent with a brand’s essence.
“Had  I hired Marc Jacobs for Dior and John Galliano for Louis Vuitton, it  would not have worked as well for both brands, even though both  designers are geniuses of their own,” he told WWD in 2003.
To be  sure, Jacobs is today surrounded by a glittering circle of celebrities  and artists, a leap from the smaller cadre of downtown New York  characters with whom he was associated earlier in his career. 
The  designer, who received the CFDA’s Geoffrey Beene Lifetime Achievement  Award in June, talked about the growing confidence in his work that has  come with age and experience.
“I guess there’s a little less  naïvety in it. Going through the learning process and working here and  in Paris, I personally think we’ve built a strength in terms of  editing,” he told WWD at the time. “Also, through becoming healthier and  more confident [as a business], there’s a sense of security and less  fear.…I don’t feel like we’re sticking our necks out when we’re doing a  show like before. We’re all in this because we love fashion and part of  that love for fashion is being unapologetic.”
Jacobs is also an  intriguing media character. His gym-toned and tattoo-paved body, stints  in rehab and eventful love life has all been fodder for the tabloids in  recent years.
Throughout his fashion career, he has proven adept  at putting an inimitable and playful spin on the iconic style of other  designers, having referenced Yves Saint Laurent, Chanel, Rei Kawakubo  and Andre Courreges in collections for Vuitton and his own fashion house  over the years. His champions at LVMH are confident he could update and  refresh Dior, which has strong codes and is not in need of drastic  reinvention.
He also has the star power to eclipse Dior’s recent  turmoil, including a couture collection last July that was drubbed in  the press. It was designed by Dior’s studio headed by Bill Gaytten, a  longtime Galliano deputy prized for his pattern-making skills.
It  is widely believed that the Gaytten-headed studio is designing the  spring 2012 Dior collection to be presented here next month.
The ouster of Galliano — and the search for a new couturier at Dior — has gripped the industry.
The  creative architect of Dior’s impressive growth trajectory and one of  the most acclaimed fashion talents of his generation, Galliano stood  trial in June at the High Court here.
He blamed work-related  stress and multiple addictions for a series of altercations at a Paris  cafe, and told the court that he remembered nothing about the incidents.
Public  prosecutor Anne de Fontette called for a fine of no less than 10,000  euros, or $14,300 at current exchange. The court will deliver its ruling  on Sept. 8.
Dior executives have said they will take all the time they need to find a new designer, and consider all options.
It  is understood they have approached a wide swath of potential candidates  to succeed Galliano, including Lanvin’s Alber Elbaz, Balenciaga’s  Nicolas Ghesquière, Alexander McQueen’s Sarah Burton, Haider Ackermann  and Hedi Slimane. 
According to sources, Elbaz and Ghesquière,  both of whom have equity stakes in their fashion houses and strong  personal commitments to their brands, have withdrawn themselves from the  running. Burton, meanwhile, is said to have rebuffed overtures. Talks  with Ackermann and Slimane did not end in an agreement.
Riccardo  Tisci, the couturier at Givenchy, is also considered a dark-horse  candidate. He has earned a cult following for his darkly romantic,  Goth-inflected approach to fashion, and has been championed by Delphine  Arnault.