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San Francisco's Banana Republic is collaborating with the preppy-cool brand to create a more affordable Milly line. The Hamptons-esque collab will include the first-ever Milly menswear, and will include an exclusive print. Prices in the 60-piece collection will range from $45 to $175 for women's, $24.50 to $64.50 for men's, and $39.50 to $130 for jewelry and accessories. Look for it in Banana Republic stores everywhere and online in May. [Racked]