Louis Vuitton was founded in 1854 on Rue Neuve des Capucines in Paris as a trunk maker. Louis Vuitton soon began manufacturing small luggage bags that could be put in a trunk as well as handbags such as the "Speedy" bag. During the 20th century, the manufacturing of wallets and other accessories began. From being a trunk maker and seller of different kinds of bags in both canvas and leather, Louis Vuitton has become one of the most prominent fashion houses that sell everything from bags and clothes to accessories.