Founded in 1961, it has been considered one of the world's most prominent fashion houses and is known for its modern and iconic[clarification needed] pieces, such as its tuxedo jackets for women. Today, Saint Laurent markets a broad range of women's and men's ready-to-wear products, leather goods, shoes, and jewellery. Yves Saint Laurent Beauté also has a notable presence in the luxury beauty and fragrance market, although this is owned by L'Oréal who hold exclusive licenses for the name.