KORS SAID TO INK PACT WITH GIBO
MILAN — Michael Kors’s signature collection will be produced and distributed under license by the Italian company Gibo beginning with the spring 2001 season, WWD has learned.
Previously, Kors had produced his signature line in-house. One of the aims of the partnership, one source said, is to launch the Kors name in Europe and Japan.
“As it stands now, Michael is known and appreciated mostly in the U.S.,” said the source. The agreement is said to be for four years.
Franco Pene, who owns Gibo with partner Onward Kashiyama, declined to comment. Pene has been responsible for drawing avant-garde names to Gibo’s stable over the years and building its reputation as an incubator for young, hip designer labels.
A Kors spokeswoman said the company has been in conversations with Gibo, but no deal has been signed.
The Florence-based Gibo stable includes Alexander McQueen, Victor and Rolf, Paul Smith, Martine Sitbon and Jean Colonna.
Kors already has a deal with Onward Kashiyama, which produces his bridge line under license.