Marc Jacobs closes store in Paris and Milan

Earlier this month, Marc Jacobs made a surprise announcement that it would close down its Marc by Marc Jacobs store in Paris at Palais Royal, the other store in the city at Place du Marché Saint-Honoré remaining operational. The company is also shutting down its Marc by Marc Jacobs label store in Milan at Piazza del Carmine, which, sources in Italian media indicate it could be later transformed into a Marc Jacobs main label store. The new closures come as part of a restructuring plan to discontinue the Marc by Marc Jacobs label which is being  implemented by Sebastian Suhl who was appointed CEO of the company in 2014.