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prada shoes for men on sale Euros.Longchamp's sales have exploded in recent years as the company capitalizes on a surging affordable luxury fashion market. 2012 sales were 454 million Euros, up 16% from the year before and nearly 75% from 2009. And those sales are from all over the world. According to French newspaper La Croix, only 30% of Longchamp's revenue comes from its home country of France. An additional 30% is from the rest of Europe, the Middle East, and Africa, with 25% in Asia and 15% in America.Jean Cassegrain, the founder, passed away in 1972, just a year after the company released its first women's handbag. Philippe took over and expanded the business. The standout Le Pliage line of nylon and leather tote bags that can fold flat was first designed in 1993. The company has since expanded to purses, wallets, luggage, and accessories.Today, Philippe remains chairman of Longchamp, with his son Jean, 48, elevated to CEO. His other children are also involved in the day to day operation: Sophie, 45, is artistic director and Olivier, 43, is the director of boutiques in the United States, where the company opened its first store on Madison Avenue in 1984.The Cassegrain family is just the latest in a wave of new fashion billionaires. In the last two years, names like Tory Burch, Sara Blakely Spanx, Renzo Rosso Diesel Jeans, Nicolas Puech Hermes, and Domenico Dolce and Stefano Gabbana Dolce Gabbana have all made the cut. They join the ranks of established fashion moguls like Miuccia Prada, Ralph Lauren, Gerard and Alain Wertheimer Chanel, and Giorgio Armani.Zainab Amin, Luisa Kroll, and Liyan Chen contributed reporting for this story.Follow Brian on Facebook and Twitter.Best Dressed Billionaires: Richest Fashion Moguls Of 2013For nearly three years I tracked down billionaires around the world, rooting out American success stories like Pakistani immigrant Shahid Khan's journey to NFL ownership and the biblical backbone of Hobby Lobby founder David Green. Most recently, I moved to Forbes' market desk to report breaking financial news. I've also covered entrepreneurs across industries, from Charming Charlie's 35 year old CEO to employee owned Publix's war on Wal Mart.Longchamp