Design legend Michael Kors celebrates 45 years of iconic style. The New York–born designer continues to enchant fashion lovers worldwide with a brand rooted in glamour and sophistication. Having thrived for four and a half decades, Kors shows no signs of slowing down.

Luxury fashion house Burberry has announced plans to cut 1,700 jobs worldwide, nearly 20% of its global workforce, in a bold turnaround effort amid declining sales and profits. The embattled company is taking significant steps to address a tough year marked by declining performance.