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Harriet Mays Powell is fashion director at New York Magazine and a former editor at Tatler. Her work has also appeared in Glamour and Elle magazines.

With the advent of “Karl Lagerfeld for H&M” and eminently affordable designers like Diane Von Furstenburg and Tory Burch, Harriet Mays Powell thinks we may have seen the end of nine-handbags-a-season spending—but argues that there will always be a place for luxury.


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