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Louis Vuitton Is Doing Better Under Nicholas Ghesquière

Louis Vuitton FW15. Photo: Getty Images
Louis Vuitton FW15. Photo: Getty Images

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LVMH's latest earnings report proves that consumers are loving Nicholas Ghesquière's interpretation of Louis Vuitton. When Marc Jacobs stepped down from the brand over a year ago to focus on preparing his own line for an upcoming IPO, critics were sad to see him go but excited about what the future would hold for Louis Vuitton under Ghesquière's direction. It looks like the move was a good bet on LVMH's part: according to Quartz, LVMH's fashion and leather goods sales are up 12.7% so far this year.