Nicolas Ghesquière and Jonathan Anderson LVMH Prize

PARIS Louis Vuitton “strongly denies” a Reuters report that Louis Vuitton is mulling a change of its top designer.

Citing three sources, Reuters suggested Nicolas Ghesquière, Louis Vuitton’s creative director of women’s collection, could be unseated as soon as after Paris Fashion Week, scheduled for Sept. 27 to Oct. 5.

The news agency identified Loewe’s creative director, Jonathan Anderson, as the most likely heir apparent.

Ghesquière, who joined the French fashion house in November 2013 after catapulting Balenciaga to the forefront of the Paris fashion agenda, has approximately two years left on his current contract and there are no discussions to replace him, a Paris source told WWD.

It is understood that Louis Vuitton has been reconfiguring teams around Ghesquière, and is fine-tuning assortments, but that it is largely satisfied with the progress of the brand under his creative leadership.

Known for his exacting, couturelike approach, Ghesquière is seen adding Louis Vuitton in its quest to build a more upscale and elite reputation after years of rapid global expansion and a heavy reliance on monogram canvas.

The brand’s parent, LVMH Moët Hennessy Louis Vuitton, is to report its second-quarter sales on July 26.

Rogerio Fujimori, luxury analyst at RBC Capital markets, said he anticipates “relative resilience” from the luxury giant.

“We expect Moët Hennessy and Sephora to stand out in Q2 and offset a tricky quarter for fashion and leather goods,” which the bank forecasts to show a 1 percent sales decline.

“We still model 4 percent organic growth and [estimate] 6.9 billion euros of group [earnings before interest and taxes] in full-year 2016,” Fujiwara noted in a research note.