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Michael Kors, Bulgari, Mandarin Oriental and Instagram – Live news

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Luxury Daily's live news from Feb. 5:

Michael Kors sales rise 37pc during holiday quarter
In the quarter ending Dec. 27, 2014, U.S. fashion label Michael Kors’ retail net sales were 37 percent higher than the same period for 2013, marking the 13th consecutive period of revenue growth for the company since it went public.