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The Louis Vuitton label was founded by Vuitton in 1854 on Rue Neuve des Capucines in Paris. [21] Louis Vuitton had observed that the HJ Cave Osilite [22] trunk could be easily stacked. In 1858, Vuitton introduced his flat-topped trunks with Trianon canvas, making them lightweight and airtight. [21]
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Men's designer bags are produced by well-known companies such as Prada, Louis Vuitton, Coach, and Bottega Veneta in a variety of shapes and sizes. The global men's bag and small leather goods trade is a $4-billion-a-year industry. [18] Sales of men's accessories including "holdall" bags are increasing in North America. [19]
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In 2021 Moët Hennessy Louis Vuitton (LVMH) raised its investment in the group from 3.2% to 10%. After an attempt to take the company private in 2022, Tod's Group entered into a privatization deal with private equity firm L Catterton in 2024. Tod's reported annual revenue of €883 million in 2021, with €1.0 billion reported in 2022.
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