Earlier this month we reported that Marc Jacobs moving to Dior was increasingly looking unlikely and now sources confirm that the move is definitely not happening.

LVMH reportedly approached Jacobs back in July after Bill Gaytten's less than impressive couture collection for the house and while Jacobs' move to Dior seemed secure, negotiations fell apart over money and Jacobs wanting to moving his whole Louis Vuitton team to Dior with him. As a result, a source close to Jacobs has confirmed that the designer "declined" the job for good earlier this month, as we reported.

After John Galliano's departure from the brand back in February, talk has been plagued with speculation as to who would take his place and while Alber Elbaz, Haider Ackermann, Riccardo Tisci and Azzedine Alaia's names have all been thrown into the hat of possible contenders, each one of them has reportedly refused the post. Whether this is because of the inevitable uphill battle that they'll face in trying to revamp the brand after a year of bad press or simply because they're all happy where they are is unclear.

Are you happy with Bill Gaytten remaining at the helm of the brand?