Kate Spade Tries to Cash In On the Bag Bug Trend

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Lucky Magazine just posted a behind-the-scenes photo of a new Kate Spade purse on Twitter, in advance of the brand's presentation today at New York Fashion Week. Even though Lucky writes that the furry little bag is an owl, it looks like a cousin to Fendi's constantly sold-out Karlito keychains and the brand's monster face charms. Kate Spade's version of a bag bug will undoubtedly be a cheaper alternative to the Karlito, which starts at $1,750.