verb (used with object) 1. to borrow (a small item or amount) without intending to return or repay it. 2. to get or take without paying or at another's expense; sponge: He always mooches cigarettes. 3. to beg.
Michael Kors bags are manufactured by Sitoy Group Holdings Ltd., which produces its wares in Yingde, Guangdong province in China. The group estimates demand for leather goods is likely to grow to 6.8 billion in 2015.
Michael Kors' business is slipping. The company enjoyed an impressive rise in popularity in recent years thanks to its trendy handbags and watches. But growth has been slowing lately, and the company has reported a weak outlook for the future. Shares are down 34% in the past year.