Models present creations by French designer Nicolas Ghesquiere for fashion house Louis Vuitton as part of his Fall/Winter 2014-2015 women's ready-to-wear collection show during Paris Fashion Week March 5, 2014. (REUTERS/Stephane Mahe)
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Nicolas Ghesquiere's "must-see" debut for Louis Vuitton wrapped up Paris Fashion Week in a grand finale that opened a new chapter for the luxury brand after the departure of Marc Jacobs.Jacobs was given a standing ovation at Paris Fashion Week in October when he bowed out after 16 years to concentrate on a stock exchange flotation of his own brand.The company, which marks its 140th anniversary in 2014, turned in sales estimated at 7.3 billion euros ($10 billion) in 2012 with leather goods estimated to account for 90 percent of sales.Vuitton is parent company LVMH's most profitable brand, accounting for more than 70 percent of annual sales of its fashion and leather goods division which also includes the brands of Celine, Givenchy, Fendi and Kenzo.Ghesquiere said he would be working to integrate the bags into clothes in one harmonious look.
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