Michael Kors Brand Takes on Coach in U.S. Luxury Market (Bloomberg) " Coach Inc. faces an upstart with momentum and brand recognition. His name is Michael Kors. Since the designer's company went public three months ago, his ambitions have become clear." Ferragamo eyes growth after profits beat forecasts (Reuters) "Italian luxury shoemaker Salvatore Ferragamo is expecting 'significant growth' in 2012 after sales in Asia of its leather handbags and shoes helped lift full-year profits above forecasts." Dover Street Market Opens in Tokyo (WSJ) "Tokyo is already a mecca for cutting-edge design, but its fashion credentials may have just gone up a notch with the launch of Dover Street Market in Ginza Friday."