The album will launch exclusively at Colette on Dec. 18.
PETA activists had demonstrated at “dozens” of Michael Kors runway shows, store openings and special events over the years.
The collection, including six deliveries, will hit selected OVS stores starting from March.
Young designers have until Feb. 4 to submit their applications on the web site lvmhprize.com.
The news comes days after Diane von Furstenberg said she plans to sell a stake in her fashion company.
The Chinese couturier is among more than 100 international artists and designers whose work is being featured in the National Gallery of Victoria Triennial.