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Following in the steps of Karl Lagerfeld and Stella McCartney, Viktor & Rolf have signed a contract with Swedish retailer H&M to produce a clothing line that will hit the shelves of selected stores this fall. The company's initial foray into high fashion at discount prices, the pieces designed by Karl Lagerfeld in the fall of 2004, sold out within hours as frenzied shoppers took to the aisles.

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