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Article: Michael Kors steps into sock deal.(Michael Kors USA Inc. teams up with American Essentials)(Brief Article)
- Article from:
- WWD
- Article date:
- November 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Marc Karimzadeh
NEW YORK -- Michael Kors is taking his luxury philosophy to the feet.
Come fall 2005, customers perusing upscale department stores will likely stumble across a selection of women's and men's socks by the designer. That's because Michael Kors USA Inc. has teamed up with American Essentials in a licensing deal to design, manufacture and market both the signature Michael Kors and the better-priced Michael Michael Kors sock collections.
According to Jordan Lipson, president and chief operating officer of American Essentials, the deal has been in the works for over a year. "This wasn't just another brand," he said. "This ...