The term 'Big Name in Designer Bags' refers to two well-known fashion designers, Michael Kors and Prada. Michael Kors is an American fashion designer who founded his own label in 1981 and has since become a household name in the fashion industry. Prada is an Italian luxury fashion house founded in 1913 by Mario Prada, and is now one of the most iconic names in the world of fashion. Both Michael Kors and Prada are renowned for their designer bags, which have become highly sought after by fashionistas around the world.