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Luxury brand Lambertson Truex has filed for bankruptcy. "The company said it had closed its stores in Los Angeles and Las Vegas. Samsonite has asked Lambertson Truex to keep its New York store open to see if it can be leased to a third party, the handbag maker said in the court filing. Its website, where it sells handbags for as much as $18,000 each, remains in operation, the company said." [Reuters via Timely Demise]