"It has been a huge privilege to work with Kim," said Michael Burke, Vuitton's chairman and chief executive officer, lauding the designer's "ability to set trends" along with his talent and determination. "All of us who have been fortunate to work with Kim wish him continued success in his next venture."
Vuitton has yet to reveal its succession plan for the plum post, which has gained visibility thanks to Vuitton's mighty show and campaign budgets, Jones' clutch of celebrity friends and the brand's high-profile collaborations with the likes of Supreme and British artists Jake and Dinos Chapman. Vuitton described Jones as "the driving force behind some of the Maison's most successful projects and collaborations."
The development is sure to further fuel speculation that Jones is readying himself for a new design challenge — and could potentially trigger a round of musical chairs in men's wear, which has not endured as much studio turmoil as women's wear of late.
WWD was the first to report on Sept. 18 that Versace has held discussions to bring Jones on board, but a deal has yet to surface and the Italian fashion company has never confirmed the speculation.
His name has also been floated as a contender for Burberry, which is seeking a successor to Christopher Bailey, who is to bid farewell to the British brand at the end of March.
Jones could not immediately be reached for comment.
A globe-trotter extraordinaire with a passion for wildlife, Jones has no design experience in women's wear or couture, but has had a storied fashion career, with John Galliano snapping up his graduate collection from Central Saint Martins.
His own men's wear label, known for its sporty, streetwear edge, lasted for eight seasons and attracted the attention of Dunhill, where he was creative director from 2008 to 2011. Jones is seen as one of a small clutch of marquee designers who can straddle the luxury and streetwear worlds, which is why Versace might have come knocking.
His final show is sure to be a poignant and electric moment during Men's Fashion Week in Paris, which gets under way in earnest Wednesday.