Louis Vuitton Louis Vuitton

Mateo Lorente (left) wears his new Supreme shirt as people flock to a Louis Vuitton store in Miami to purchase limited-edition Supreme and Louis Vuitton collaboration items, in June. Joe Raedle/Getty Images hide caption

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Joe Raedle/Getty Images

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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Pascal Le Segretain/Getty Images

How The Luxury Fashion Industry Became All Business

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Tourists and visitors pass by a two-story Louis Vuitton suitcase erected at the Red Square in Moscow on Wednesday. Politicians didn't like it, the public didn't like it, so the gigantic Louis Vuitton suitcase is being booted out of Red Square. Pavel Golovkin/AP hide caption

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Pavel Golovkin/AP