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Nicolas Ghesquière Wants to Design His Own Line

But in the meantime he's making Louis Vuitton plenty of money.

When Nicolas Ghesquière left Balenciaga, somewhat suddenly, in 2012, many speculated that he would strike out on his own, perhaps under the LVMH umbrella, as there had been rumblings of him meeting with executives from the French luxury conglomerate.

Ultimately, Ghesquière ended up being named Marc Jacobs's successor at Louis Vuitton. But that doesn't mean Ghesquière isn't interested in having his own house one day.

“I’d be lying if I said I didn’t want to do it,” Ghesquière tells WSJ Magazine, which has just named the designer its Fashion Innovator of the Year. “I would like to do it, but each thing in its time. Today I dedicate myself to Louis Vuitton without forgetting that I have wishes, desires.”

And it sounds like when he does start his own house, he's going to do it big, and not while designing for another house at the same time. “If it’s to reproduce on a smaller scale what is done on a large scale, honestly, no, it’s not interesting,” he says. “And that’s not at all the way that I one day envisage launching myself, especially having experienced the biggest existing model.”

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Another interesting takeaway from the interview: Ghesquière's "Petite Malle" bag, which he launched with his first collection this fall, is a hit -- pre-ordered in "substantial quantities."

“It’s an enormous commercial success,” says Ghesquière of the miniature trunk-shaped purses. With a hit bag and critically adored ready-to-wear collections already, Ghesquière seems to be repeating the success he had at Balenciaga. Hopefully things work out a little better at Vuitton than they did there.