As if the rumors of Marc Jacobs taking John Galliano's former gig at Dior wasn't enough buzz for the fashion set, more news from the business side of Louis Vuitton has surfaced. Word on the street is that Yves Carcelle, CEO of luxury conglomerate LVMH, has decided to step down from the role that he's held for 20 years. However, Carcelle will continue to serve on the executive committee—as most big wigs tend to do when they step down from the hot seat. We wonder how long it'll take for someone else to step up to the plate.

[Fashionista via Hypebeast]