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Handbag makers cut back on designs

Innovation hit as strong dollar, global economic woes and terrorism fears take a toll on demand for US high-end products

In the final quarter of 2016, Prada and Louis Vuitton rolled out 35 per cent fewer new designs against the prior quarter, while the number of new styles from Michael Kors dropped 24 per cent, said Edited.

New York

HANDBAG makers are busy battling waning demand and markdowns at stores, and that may have diverted their attention from what could make them successful in the long run: creativity.

Michael Kors Holdings Ltd, Prada SpA, LVMH's Louis Vuitton and Burberry Group Plc all...

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