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Models walk the catwalk in March 2009 during one of Alexander McQueen's last shows, Ready-to-Wear Autumn/Winter 2009, in Paris. McQueen was one of several fashion designers elevated to prominence by Bernard Arnault, the French tycoon who transformed the business of high fashion. Pascal Le Segretain/Getty Images hide caption

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How The Luxury Fashion Industry Became All Business

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High-End Fashion Names at a Low-End Price

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