LVMH has been quick to slam down the gossip, categorically denying the Reuters report to BoF and pointing out that Nicolas Ghesquière's contract doesn't expire until November 2018. But if the last 18 months has taught us anything, it's that more often that not, when it comes to the entrances and exits of fashion's major players, the rumours are usually true.

Ghesquière will have held the top job at Louis Vuitton for three years come October, which is when one of Reuters' sources expects him to announce his resignation. "People in the studio are expecting him to leave, possibly as early as after the October collection," one of the sources said.

Why? Ghesquière admitted to French TV station Canal Plus in June that he wanted to create his own label and would be in a position to do so soon, while over at LVMH, he's facing rumblings over the commercial viability of some of his designs.

Reuters reports that Jonathan Anderson is considered the frontrunner for Ghesquière's position, with sources saying that LVMH Chairman and CEO Bernard Arnault and his daughter Delphine have a huge admiration for the British designer. Anderson, who won both Womenswear and Menswear Designer of the Year at the 2015 British Fashion Awards for his own label, J.W. Anderson, is also the creative director of LVMH-owned Loewe.

Is Louis Vuitton about to replace Nicolas Ghesquière?