Fashion Fail! Marc Jacobs' Fashion Empire Set To ‘Crash And Burn,’ Sources Say — Inside The Fears For His Crumbling Business

Marc Jacobs may have friends worried about his recent partying and globetrotting, but his health isn’t the only thing at stake! A source told OKMagazine.com that the 52-year-old designer is “falling off the wagon” and his sobriety as well as his 32-year-old fashion empire are crumbling faster than you can say “last season.”

After going separate ways with his business partner of nearly three decades, Robert Duffy, the troubled fashion star is the sole head at the helm of his Marc Jacobs brand and the insider said the future is not looking bright for the multi-million dollar business.

“Marc will crash and burn and it's his own doing,” the source said. “It’s the first time he's ever run his own company.”

According to the insider, Jacobs is totally on his own without the help of Duffy, who is completely “over it” and “not coming back” despite Marc’s cries for help in business and in his personal life.

“He’s done, out,” the source said of Duffy, who has admitted to concealing and helping Jacobs with drug issues over the years. “Robert won’t help him this time. He's helped him for 30 years! He's over it.”

Jacobs has recently been spotted galavanting around the world in St. Barth’s with porn stars, playboys and other “unsavory people” rather than running his company, which has friends worried, according to Star magazine. But worst of all, the insider said he may not be sticking to his sobriety after a 2007 stint in rehab.