Marc Jacobs, American designer and creative head of Louis Vuitton, is all set for an exciting year that includes a major exhibition in Paris. The designer has opined for the first time since refusing the Dior job that staying back at the label and rejecting the job has probably been the best decision for everyone.

Following the dismissal of British designer John Galliano due to his anti-Semitic tirade in a Paris bar, there have been speculations within the industry as to who would replace Galliano as the head designer of Dior.

Names like Belgian designer Raf Simons and Alexander Wang emerged but none was confirmed by the brand.

Jacobs was then considered for the post but the designer reportedly turned down the offer.

It's a great honour to be considered, and [LVMH and Dior chairman Bernard] Mr Arnault is a super intelligent man and a very smart man and it was certainly a great honour for him to know that I was capable - and not only capable but that I am someone that he would have wanted for the job. But I am very happy to be here. There is so much more left to do and building Louis Vuitton into a fashion company is something nobody else can say they really started, Telegraph quoted Jacobs saying.

Jacobs went on to say that he likes what he does now and that there is so much more to do. Truly enough, the designer is currently focusing on his March 9, 2012, exhibition at the Musée des Arts Decoratifs in Paris called Louis Vuitton - Marc Jacobs. The exhibition will showcase most of his works over a two-floor exhibit space.