The designer thanked his team, his family and WWD for the honor and support.
Lippmann has created an exclusive permanent collection for the retailer, which will debut in October.
The investors will exit the Kors business after selling slightly over 11.6 million shares of common stock in a secondary public offering.
Attached to Vuitton’s boutique in Saint-Germain-des-Prés, the temporary shop opened this week.
The new fragrance will be on shelves in Italy at the end of the month and the rest of Europe by the end of the year.
The Japanese makeup brand is collaborating with the designer and his pampered pet Choupette for the range.
Sources said Rutson would take up her new role in January, and an official announcement would be made in October.
For the first time, the looks will be live-streamed and available for purchase immediately on the brand’s Web site.
Her partner on the show, Tony Dovolani, will act as her groom when she plays a bride in her wedding-inspired runway show next week.