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He was born into a Jewish family in New York City.
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Jacobs worked as a stockboy at Charivari, an avant-garde clothing boutique in New York City.
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During his tenure at Parsons, Jacobs won the Perry Ellis Gold Thimble Award in 1984
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In the same year he won the Chester Weinberg Gold Thimble Award and the Design Student of the Year Award.
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In 1986, Jacobs designed his first collection bearing the Marc Jacobs label.
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Jacobs began to design at Perry Ellis after its founder had died.
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In 1992, the Council of Fashion Designers of America, once again bestowed Jacobs with a great honor: The Women's Designer of the Year Award.
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He designed a "grunge" collection for Perry Ellis, leading to his dismissal in 1993.
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He produced his first full collection of menswear.
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He created the company's first ready-to-wear line.
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He started a new line of body splash fragrances in affordable huge 10 oz. bottles. They have become more and more popular during the recent years.
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Marc was accused of plagiarising a scarf from a 1950 Swedish Designer. They settled on the issue.
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Jacobs was ranked 15th on Out magazine's annual list of "50 Most Powerful Gay Men and Women in America".
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Jacobs sued Ed Hardy for infringing on the designs of one of his embroidered handbags.
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Jacobs remains the Creative Director for Louis Vuitton.
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Jacobs launched a shirt, sold at his stores, demanding the legalization of gay marriage.