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Michael Kors, Four Seasons, Christie’s and Armani – Live news

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Luxury Daily's live news from June 1:

Michael Kors plans wholesale reduction for 2017 fiscal year
U.S. fashion brand Michael Kors has reported a total revenue increase of 10.9 percent to $1.2 billion for the fourth fiscal quarter of 2016, up from $1.1 billion in the year-ago period.