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Michael Kors (KORS.N) dropped 10.8 percent, after the handbag maker forecast current-quarter profit below estimates. Kering SA-owned Gucci and Burberry, both of which have also struggled in China, have more stores there than Vuitton, according to Exane. The Michael Kors Fall 2011 presentation was a celebration of his 30th anniversary in the fashion business.
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Gucci and Louis Vuitton are not the only victims of affordable luxury brands. One can find such great handbags at half the cost of a department store. He said Hazaribagh leather goes to an Apex Footwear factory for local markets, but not to another across the street that produces exports.
If you are only going to purchase one handbag to add to your wardrobe for next Spring, make it a black and white striped handbag. One of the most apparent component may be the beautiful printing, named Rinascimento, to begin with present in traditional Gucci handbags using the 19 50’s.
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